# PPP loan: MAGNUM COLLISION CENTER, INC
> **$529K** approved 04/15/2020 · Paid in Full · Loan `1993357210`
## Borrower
- **Name:** MAGNUM COLLISION CENTER, INC
- **Address:** 1445 FIELD PARK CIR, MARIETTA, GA, 30066-5946
- **NAICS:** 811111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $529K
- **Initial approval:** $529K
- **Forgiven:** $534K (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $396K
- **Rent:** $66K
- **Utilities:** $66K
- **Jobs reported:** 50
## Lender
- **Originating:** Wallis Bank
- **Servicing:** Wallis Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*