# PPP loan: MAGNET WORKS, LTD.
> **$734K** approved 04/13/2020 · Paid in Full · Loan `4253697107`
## Borrower
- **Name:** MAGNET WORKS, LTD.
- **Address:** 601 GRAVOIS BLUFFS BLVD, FENTON, MO, 63026-7730
- **NAICS:** 424990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $734K
- **Initial approval:** $734K
- **Forgiven:** $744K (101%)
- **Forgiveness date:** 08/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $734K
- **Jobs reported:** 77
## Lender
- **Originating:** Enterprise Bank & Trust
- **Servicing:** Enterprise Bank & Trust (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*