# PPP loan: SCOTTS VALLEY MAGNETICS
> **$268K** approved 04/29/2020 · Paid in Full · Loan `3873857310`
## Borrower
- **Name:** SCOTTS VALLEY MAGNETICS
- **Address:** 300 El Pueblo Road Ste 107, Scotts Valley, CA, 95066
- **NAICS:** 335999
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $268K
- **Initial approval:** $291K
- **Forgiven:** $272K (101%)
- **Forgiveness date:** 07/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $268K
- **Jobs reported:** 24
## Lender
- **Originating:** Santa Cruz County Bank
- **Servicing:** Santa Cruz County Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*