# PPP loan: GENERAL MAGNAPLATE CORP.
> **$1.17M** approved 04/11/2020 · Paid in Full · Loan `3331257106`
## Borrower
- **Name:** GENERAL MAGNAPLATE CORP.
- **Address:** 800 AVENUE H, ARLINGTON, TX, 76011-7720
- **NAICS:** 332813
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.17M
- **Initial approval:** $1.17M
- **Forgiven:** $1.18M (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.17M
- **Jobs reported:** 82
## Lender
- **Originating:** Peapack-Gladstone Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*