# PPP loan: MAGTEC ALASKA LLC
> **$1.15M** approved 04/04/2020 · Paid in Full · Loan `4832597008`
## Borrower
- **Name:** MAGTEC ALASKA LLC
- **Address:** 43385 KENAI SPUR HWY, KENAI, AK, 99611-9704
- **NAICS:** 532490
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.15M
- **Initial approval:** $1.15M
- **Forgiven:** $1.16M (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $917K
- **Rent:** $229K
- **Jobs reported:** 67
## Lender
- **Originating:** Bank Forward
- **Servicing:** Bank Forward (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*