# PPP loan: MAGELLAN CONCRETE STRUCTURES 1 CORP
> **$2.98M** approved 04/29/2020 · Paid in Full · Loan `2181237306`
## Borrower
- **Name:** MAGELLAN CONCRETE STRUCTURES 1 CORP
- **Address:** 233 Powell Street, Brooklyn, NY, 11212
- **NAICS:** 238110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.98M
- **Initial approval:** $2.98M
- **Forgiven:** $3.02M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.98M
- **Jobs reported:** 270
## Lender
- **Originating:** Capital One, National Association
- **Servicing:** Capital One, National Association (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*