# PPP loan: MAGNA STEEL SALES INC
> **$309K** approved 04/11/2020 · Paid in Full · Loan `3665477102`
## Borrower
- **Name:** MAGNA STEEL SALES INC
- **Address:** 2 ALLIANCE CIR, BEACON FALLS, CT, 06403-1054
- **NAICS:** 332312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $309K
- **Initial approval:** $309K
- **Forgiven:** $314K (102%)
- **Forgiveness date:** 12/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $309K
- **Jobs reported:** 19
## Lender
- **Originating:** Liberty Bank
- **Servicing:** Liberty Bank (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*