# PPP loan: MAGNITUDE LIGHTING CONVERTERS, INC
> **$362K** approved 04/27/2020 · Paid in Full · Loan `4719247202`
## Borrower
- **Name:** MAGNITUDE LIGHTING CONVERTERS, INC
- **Address:** 14711 Bentley Circle STE B, TUSTIN, CA, 92780-7262
- **NAICS:** 423690
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $362K
- **Initial approval:** $362K
- **Forgiven:** $366K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $362K
- **Jobs reported:** 24
## Lender
- **Originating:** HSBC Bank USA, National Association
- **Servicing:** HSBC Bank USA, National Association (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*