# PPP loan: MAGNETIC INSTRUMENTATION COMPANY LLC
> **$454K** approved 04/14/2020 · Paid in Full · Loan `5989067103`
## Borrower
- **Name:** MAGNETIC INSTRUMENTATION COMPANY LLC
- **Address:** 8431 Castlewood Dr, INDIANAPOLIS, IN, 46250
- **NAICS:** 335999
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $454K
- **Initial approval:** $454K
- **Forgiven:** $458K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $454K
- **Jobs reported:** 36
## Lender
- **Originating:** The Huntington National Bank
- **Servicing:** The Huntington National Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*