# PPP loan: GLEN MAGNETICS INC
> **$208K** approved 02/18/2021 · Paid in Full · Loan `1368058509`
## Borrower
- **Name:** GLEN MAGNETICS INC
- **Address:** 1165 3rd Ave 1165 Third Ave, Alpha, NJ, 08865-4708
- **NAICS:** 335311
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $208K
- **Initial approval:** $208K
- **Forgiven:** $209K (101%)
- **Forgiveness date:** 12/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $208K
- **Utilities:** $1
- **Jobs reported:** 21
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*