# PPP loan: MAGNADRIVE CORP
> **$200K** approved 05/22/2021 · Paid in Full · Loan `5256579000`
## Borrower
- **Name:** MAGNADRIVE CORP
- **Address:** 14660 NE North Woodinville Way Ste 100, Woodinville, WA, 98072-8440
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $200K
- **Initial approval:** $200K
- **Forgiven:** $201K (101%)
- **Forgiveness date:** 02/04/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $200K
- **Jobs reported:** 10
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*