# PPP loan: CR MAGNETICS, INC.
> **$280K** approved 04/29/2020 · Paid in Full · Loan `2551167307`
## Borrower
- **Name:** CR MAGNETICS, INC.
- **Address:** 3500 Scarlet Oak Blvd, SAINT LOUIS, MO, 63122
- **NAICS:** 334416
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $280K
- **Initial approval:** $280K
- **Forgiven:** $282K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $280K
- **Jobs reported:** 29
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*