# PPP loan: MAGNOTTI & SON INC.
> **$534K** approved 01/26/2021 · Paid in Full · Loan `6197598308`
## Borrower
- **Name:** MAGNOTTI & SON INC.
- **Address:** 2098 Saw Mill Run Blvd, Pittsburgh, PA, 15210-4048
- **NAICS:** 442299
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $534K
- **Initial approval:** $534K
- **Forgiven:** $539K (101%)
- **Forgiveness date:** 12/28/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $534K
- **Utilities:** $1
- **Jobs reported:** 52
## Lender
- **Originating:** First Commonwealth Bank
- **Servicing:** First Commonwealth Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*