# PPP loan: DURA MAGNETICS, INC.
> **$410K** approved 04/27/2020 · Paid in Full · Loan `4033817202`
## Borrower
- **Name:** DURA MAGNETICS, INC.
- **Address:** 5500 SCHULTZ DR, SYLVANIA, OH, 43560-2384
- **NAICS:** 332999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $410K
- **Initial approval:** $410K
- **Forgiven:** $415K (101%)
- **Forgiveness date:** 07/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $348K
- **Rent:** $20K
- **Mortgage interest:** $20K
- **Utilities:** $20K
- **Jobs reported:** 29
## Lender
- **Originating:** Signature Bank, National Association
- **Servicing:** Signature Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*