# PPP loan: MAGNET RESTAURANT LLC
> **$280K** approved 04/29/2020 · Charged Off · Loan `4177987304`
## Borrower
- **Name:** MAGNET RESTAURANT LLC
- **Address:** 4842 Grand River Ave, Detroit, MI, 48208
- **NAICS:** 722511
- **Business type:** Partnership
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $280K
- **Initial approval:** $280K
- **Status:** Charged Off
- **Term:** 2 months
## Use of funds
- **Payroll:** $280K
- **Jobs reported:** 32
## Lender
- **Originating:** The Huntington National Bank
- **Servicing:** The Huntington National Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*