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THE MAGIC RAINBOW CORP.

Company Details

Entity Name: THE MAGIC RAINBOW CORP.
Jurisdiction: Illinois
Entity Type: Corporation - Domestic BCA
Status: Goodstanding
Date Formed: 07 Aug 2015
Company Number: CORP_70331527
File Number: 70331527
Type of Business: All Inclusive Purpose
Place of Formation: ILLINOIS

Agent

Name and Address Role Appointment Date
OLGA VELAZQUEZ, 6250 S KNOX AVE, CHICAGO, 60629, COOK-NOT IN CITY OF CHICAGO Agent 2024-08-08

President

Name and Address Role
SARA LEON DE DIAZ 6235 S PARKSIDE AVE CHICAGO, IL 60638 President

Secretary

Name and Address Role
SARA LEON DE DIAZ 6235 S PARKSIDE AVE CHICAGO IL, 60638 Secretary

Shares

Class Series Voting Rights Authorized Shares Issued Shares Par Value
COMMON No data Voting Rights 100 100000 No data

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
2985417710 2020-05-01 0507 PPP 6235 S PARKSIDE AVE, CHICAGO, IL, 60638
Loan Status Date 2021-05-22
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 19460
Loan Approval Amount (current) 19460
Undisbursed Amount 0
Franchise Name -
Lender Location ID 48270
Servicing Lender Name JPMorgan Chase Bank, National Association
Servicing Lender Address 1111 Polaris Pkwy, COLUMBUS, OH, 43240-2031
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address CHICAGO, COOK, IL, 60638-1003
Project Congressional District IL-06
Number of Employees 4
NAICS code -
Borrower Race White
Borrower Ethnicity Hispanic or Latino
Business Type Subchapter S Corporation
Originating Lender ID 194093
Originating Lender Name JPMorgan Chase Bank, National Association
Originating Lender Address CHICAGO, IL
Gender Male Owned
Veteran Non-Veteran
Forgiveness Amount 19643.29
Forgiveness Paid Date 2021-04-13
6902568404 2021-02-11 0507 PPS 6235 S Parkside Ave, Chicago, IL, 60638-4524
Loan Status Date 2021-12-18
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 19460
Loan Approval Amount (current) 19460
Undisbursed Amount 0
Franchise Name -
Lender Location ID 48270
Servicing Lender Name JPMorgan Chase Bank, National Association
Servicing Lender Address 1111 Polaris Pkwy, COLUMBUS, OH, 43240-2031
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address Chicago, COOK, IL, 60638-4524
Project Congressional District IL-04
Number of Employees 3
NAICS code 624410
Borrower Race White
Borrower Ethnicity Hispanic or Latino
Business Type Subchapter S Corporation
Originating Lender ID 48270
Originating Lender Name JPMorgan Chase Bank, National Association
Originating Lender Address COLUMBUS, OH
Gender Male Owned
Veteran Non-Veteran
Forgiveness Amount 19595.61
Forgiveness Paid Date 2021-10-27

Date of last update: 13 Mar 2025

Sources: Illinois Office of the Secretary of State