# PPP loan: MAGNUM CONSTRUCTION, INC.
> **$347K** approved 04/06/2020 · Paid in Full · Loan `6166907001`
## Borrower
- **Name:** MAGNUM CONSTRUCTION, INC.
- **Address:** 2501 N HEMLOCK CT, BROKEN ARROW, OK, 74012-1102
- **NAICS:** 237990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $347K
- **Initial approval:** $347K
- **Forgiven:** $350K (101%)
- **Forgiveness date:** 11/24/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $261K
- **Rent:** $87K
- **Jobs reported:** 35
## Lender
- **Originating:** Mabrey Bank
- **Servicing:** Mabrey Bank (OK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*