# PPP loan: MAGNAKRON CORPORATION
> **$435K** approved 03/20/2021 · Paid in Full · Loan `6059438602`
## Borrower
- **Name:** MAGNAKRON CORPORATION
- **Address:** 905 Brickell Bay Dr Ste 230, Miami, FL, 33131-2923
- **NAICS:** 325998
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $435K
- **Initial approval:** $435K
- **Forgiven:** $438K (100%)
- **Forgiveness date:** 09/24/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $435K
- **Jobs reported:** 23
## Lender
- **Originating:** Bank Hapoalim B.M. - New York Branch
- **Servicing:** Bank Hapoalim B.M. - New York Branch (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*