# PPP loan: MAGEN'S BAY, INC
> **$255K** approved 04/16/2020 · Paid in Full · Loan `2500437207`
## Borrower
- **Name:** MAGEN'S BAY, INC
- **Address:** 1539 Dustry Drive, Colorado Springs, CO, 80905-2841
- **NAICS:** 561499
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $255K
- **Initial approval:** $255K
- **Forgiven:** $258K (101%)
- **Forgiveness date:** 05/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $255K
- **Jobs reported:** 24
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*