# PPP loan: MAGNUM EQUIPMENT
> **$155K** approved 03/29/2021 · Paid in Full · Loan `2422748707`
## Borrower
- **Name:** MAGNUM EQUIPMENT
- **Address:** 3443 Highland Dr, Hudsonville, MI, 49426-1915
- **NAICS:** 532490
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $155K
- **Initial approval:** $155K
- **Forgiven:** $156K (101%)
- **Forgiveness date:** 01/13/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $155K
- **Jobs reported:** 10
## Lender
- **Originating:** The Huntington National Bank
- **Servicing:** The Huntington National Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*