# PPP loan: MAGNUM ASSET ACQUISITION LLC
> **$316K** approved 05/18/2021 · Charged Off · Loan `2859939007`
## Borrower
- **Name:** MAGNUM ASSET ACQUISITION LLC
- **Address:** 370 Falls Commerce Pkwy 370 Falls Commerce Pkwy, Stow, OH, 44224-1062
- **NAICS:** 541330
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $316K
- **Initial approval:** $316K
- **Status:** Charged Off
- **Term:** 41 months
## Use of funds
- **Payroll:** $316K
- **Utilities:** $1
- **Jobs reported:** 15
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*