# PPP loan: MAGNUM STEEL, LLC
> **$481K** approved 04/03/2020 · Paid in Full · Loan `4470097002`
## Borrower
- **Name:** MAGNUM STEEL, LLC
- **Address:** 17765 W GELDING DR, SURPRISE, AZ, 85388-7535
- **NAICS:** 238120
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $481K
- **Initial approval:** $481K
- **Forgiven:** $484K (101%)
- **Forgiveness date:** 12/22/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $298K
- **Health care:** $183K
- **Jobs reported:** 25
## Lender
- **Originating:** Peoples State Bank of Plainview
- **Servicing:** Peoples State Bank of Plainview (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*