# PPP loan: MAGNA MECHANICAL LLC
> **$321K** approved 04/06/2020 · Paid in Full · Loan `5739137010`
## Borrower
- **Name:** MAGNA MECHANICAL LLC
- **Address:** 103 WOOLARD DR, ALVARADO, TX, 76009-8010
- **NAICS:** 236220
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $321K
- **Initial approval:** $321K
- **Forgiven:** $324K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $321K
- **Jobs reported:** 20
## Lender
- **Originating:** Citizens National Bank of Texas
- **Servicing:** Citizens National Bank of Texas (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*