# PPP loan: MAGNUM APPLIANCES, INC.
> **$183K** approved 04/14/2020 · Paid in Full · Loan `6300177107`
## Borrower
- **Name:** MAGNUM APPLIANCES, INC.
- **Address:** 1348 N STATE ROAD 7, MARGATE, FL, 33063-2843
- **NAICS:** 811412
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $183K
- **Initial approval:** $183K
- **Forgiven:** $184K (101%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $137K
- **Utilities:** $46K
- **Jobs reported:** 22
## Lender
- **Originating:** Banesco USA
- **Servicing:** Banesco USA (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*