# PPP loan: PACIFIC MAGNETIC & PENETRANT CO INC
> **$255K** approved 02/24/2021 · Paid in Full · Loan `3739748503`
## Borrower
- **Name:** PACIFIC MAGNETIC & PENETRANT CO INC
- **Address:** 38251 32nd St E, Palmdale, CA, 93550-1313
- **NAICS:** 332999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $255K
- **Initial approval:** $255K
- **Forgiven:** $257K (101%)
- **Forgiveness date:** 09/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $255K
- **Utilities:** $1
- **Jobs reported:** 28
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*