# PPP loan: MAGNUM MUD EQUIPMENT CO., INC.
> **$801K** approved 04/13/2020 · Paid in Full · Loan `4673697103`
## Borrower
- **Name:** MAGNUM MUD EQUIPMENT CO., INC.
- **Address:** 1973 HIGHWAY 182, HOUMA, LA, 70364-3935
- **NAICS:** 213112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $801K
- **Initial approval:** $801K
- **Forgiven:** $810K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $671K
- **Rent:** $40K
- **Utilities:** $25K
- **Health care:** $65K
- **Jobs reported:** 31
## Lender
- **Originating:** Synergy Bank
- **Servicing:** Synergy Bank (LA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*