# PPP loan: MK MAGNETICS INC
> **$627K** approved 05/21/2020 · Paid in Full · Loan `1707257803`
## Borrower
- **Name:** MK MAGNETICS INC
- **Address:** 1052 East MEADOW CIR, PALO ALTO, CA, 94303-4230
- **NAICS:** 334416
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $627K
- **Initial approval:** $627K
- **Forgiven:** $635K (101%)
- **Forgiveness date:** 09/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $627K
- **Jobs reported:** 63
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*