# PPP loan: MAGNUM MACHINING INCORPORATED
> **$531K** approved 01/20/2021 · Paid in Full · Loan `2127848307`
## Borrower
- **Name:** MAGNUM MACHINING INCORPORATED
- **Address:** 20959 State Highway 6, Deerwood, MN, 56444-8550
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $531K
- **Initial approval:** $531K
- **Forgiven:** $529K (100%)
- **Forgiveness date:** 02/01/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $531K
- **Jobs reported:** 45
## Lender
- **Originating:** Bremer Bank, National Association
- **Servicing:** Bremer Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*