# PPP loan: MAGNUM FREIGHT INC
> **$612K** approved 01/25/2021 · Charged Off · Loan `5199058309`
## Borrower
- **Name:** MAGNUM FREIGHT INC
- **Address:** 450 W 55th St Ste 200, Countryside, IL, 60525-3500
- **NAICS:** 484220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $612K
- **Initial approval:** $612K
- **Status:** Charged Off
- **Term:** 30 months
## Use of funds
- **Payroll:** $612K
- **Utilities:** $1
- **Jobs reported:** 134
## Lender
- **Originating:** U.S. Bank, National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*