# PPP loan: CORONA MAGNETICS INC
> **$936K** approved 05/01/2020 · Paid in Full · Loan `4053177709`
## Borrower
- **Name:** CORONA MAGNETICS INC
- **Address:** 201 CORPORATE TERRACE ST., CORONA, CA, 92879
- **NAICS:** 334416
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $936K
- **Initial approval:** $801K
- **Forgiven:** $946K (101%)
- **Forgiveness date:** 05/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $936K
- **Jobs reported:** 102
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*