# PPP loan: PREMIER MAGNETICS INC
> **$349K** approved 01/21/2021 · Paid in Full · Loan `2594858309`
## Borrower
- **Name:** PREMIER MAGNETICS INC
- **Address:** 20381 Barents Sea Cir, Lake Forest, CA, 92630-8807
- **NAICS:** 334419
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $349K
- **Initial approval:** $349K
- **Forgiven:** $352K (101%)
- **Forgiveness date:** 12/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $349K
- **Utilities:** $1
- **Jobs reported:** 18
## Lender
- **Originating:** Sunwest Bank
- **Servicing:** Sunwest Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*