# PPP loan: MAGNUM POWER LLC
> **$2.61M** approved 04/09/2020 · Paid in Full · Loan `1077277106`
## Borrower
- **Name:** MAGNUM POWER LLC
- **Address:** 3458 N Pacific Ave, KELSO, WA, 98626
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.61M
- **Initial approval:** $2.61M
- **Forgiven:** $2.64M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.96M
- **Utilities:** $652K
- **Jobs reported:** 97
## Lender
- **Originating:** Riverview Bank
- **Servicing:** Riverview Bank (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*