# PPP loan: MAGNA INFOTECH LTD
> **$566K** approved 04/06/2020 · Paid in Full · Loan `5647157008`
## Borrower
- **Name:** MAGNA INFOTECH LTD
- **Address:** 9300 W 110TH ST Suite 650, OVERLAND PARK, KS, 66210-1403
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $566K
- **Initial approval:** $566K
- **Forgiven:** $569K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $566K
- **Jobs reported:** 26
## Lender
- **Originating:** CrossFirst Bank
- **Servicing:** CrossFirst Bank (KS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*