# PPP loan: MAXON HYUNDAI, INC.
> **$1.17M** approved 04/03/2020 · Paid in Full · Loan `4354017003`
## Borrower
- **Name:** MAXON HYUNDAI, INC.
- **Address:** 2329 Rt 22 West, UNION, NJ, 07083-0121
- **NAICS:** 441120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.17M
- **Initial approval:** $1.22M
- **Forgiven:** $1.18M (101%)
- **Forgiveness date:** 01/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.17M
- **Jobs reported:** 84
## Lender
- **Originating:** Magyar Bank
- **Servicing:** Magyar Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*