# PPP loan: V MAGNANINO INC.
> **$242K** approved 06/29/2020 · Paid in Full · Loan `6110148006`
## Borrower
- **Name:** V MAGNANINO INC.
- **Address:** 980 DEBRA DRIVE, SANTA BARBARA, CA, 93110-1261
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $242K
- **Initial approval:** $242K
- **Forgiven:** $244K (101%)
- **Forgiveness date:** 04/19/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $158K
- **Rent:** $61K
- **Utilities:** $24K
- **Jobs reported:** 28
## Lender
- **Originating:** American Riviera Bank
- **Servicing:** American Riviera Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*