# PPP loan: SGM MAGNETICS CORP
> **$383K** approved 04/27/2020 · Paid in Full · Loan `5707137201`
## Borrower
- **Name:** SGM MAGNETICS CORP
- **Address:** 2023 59TH TER, BRADENTON, FL, 34203-5034
- **NAICS:** 334112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $383K
- **Initial approval:** $383K
- **Forgiven:** $387K (101%)
- **Forgiveness date:** 05/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $383K
- **Jobs reported:** 17
## Lender
- **Originating:** Community Bank
- **Servicing:** Community Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*