# PPP loan: MAGELLAN TECHNOLOGY
> **$1.20M** approved 04/10/2020 · Paid in Full · Loan `2406947102`
## Borrower
- **Name:** MAGELLAN TECHNOLOGY
- **Address:** 2225 Kenmore Ave, BUFFALO, NY, 14207-1305
- **NAICS:** 325998
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $1.20M
- **Initial approval:** $1.20M
- **Forgiven:** $1.21M (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.20M
- **Jobs reported:** 132
## Lender
- **Originating:** KeyBank National Association
- **Servicing:** KeyBank National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*