# PPP loan: MAGNUM BUILDERS INC.
> **$238K** approved 01/22/2021 · Paid in Full · Loan `3812368308`
## Borrower
- **Name:** MAGNUM BUILDERS INC.
- **Address:** 25419 Narbonne Ave, Lomita, CA, 90717-2125
- **NAICS:** 236220
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $238K
- **Initial approval:** $238K
- **Forgiven:** $241K (101%)
- **Forgiveness date:** 01/28/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $238K
- **Utilities:** $1
- **Jobs reported:** 15
## Lender
- **Originating:** Citibank, N.A.
- **Servicing:** Citibank, N.A. (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*