# PPP loan: MAGNUM BUILDERS, INC.
> **$238K** approved 04/15/2020 · Paid in Full · Loan `1647077206`
## Borrower
- **Name:** MAGNUM BUILDERS, INC.
- **Address:** 25419 Narbonne Avenue, Lomita, CA, CA, 90717
- **NAICS:** 236220
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $238K
- **Initial approval:** $238K
- **Forgiven:** $241K (101%)
- **Forgiveness date:** 07/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $238K
- **Jobs reported:** 15
## Lender
- **Originating:** Citibank, N.A.
- **Servicing:** Citibank, N.A. (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*