# PPP loan: MAGNUM SYSTEMS INC
> **$1.25M** approved 02/25/2021 · Paid in Full · Loan `4008568509`
## Borrower
- **Name:** MAGNUM SYSTEMS INC
- **Address:** 2205 Jothi Ave, Parsons, KS, 67357-8477
- **NAICS:** 333999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.25M
- **Initial approval:** $1.25M
- **Forgiven:** $1.26M (101%)
- **Forgiveness date:** 09/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.25M
- **Utilities:** $1
- **Jobs reported:** 79
## Lender
- **Originating:** CrossFirst Bank
- **Servicing:** CrossFirst Bank (KS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*