# PPP loan: MAGNUSSON ENTERPRISES LLC
> **$333K** approved 05/01/2020 · Paid in Full · Loan `2923187707`
## Borrower
- **Name:** MAGNUSSON ENTERPRISES LLC
- **Address:** 36 42ND AVE, SAN MATEO, CA, 94403
- **NAICS:** 541618
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $333K
- **Initial approval:** $333K
- **Forgiven:** $335K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $314K
- **Rent:** $7K
- **Utilities:** $3K
- **Health care:** $10K
- **Jobs reported:** 32
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*