# PPP loan: MAGNUM ENTERPRISES INC.
> **$255K** approved 01/23/2021 · Paid in Full · Loan `4258848306`
## Borrower
- **Name:** MAGNUM ENTERPRISES INC.
- **Address:** 1024 Centerbrooke Lane 1024 Centerbrooke Lane, Suffolk, VA, 23434
- **NAICS:** 722513
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $255K
- **Initial approval:** $255K
- **Forgiven:** $258K (101%)
- **Forgiveness date:** 02/16/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $255K
- **Jobs reported:** 89
## Lender
- **Originating:** Atlantic Union Bank
- **Servicing:** Atlantic Union Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*