# PPP loan: BUNTING MAGNETICS CO
> **$1.75M** approved 04/06/2020 · Paid in Full · Loan `6413237010`
## Borrower
- **Name:** BUNTING MAGNETICS CO
- **Address:** 500 S. SPENCER RD, NEWTON, KS, 67114-4109
- **NAICS:** 332999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.75M
- **Initial approval:** $1.75M
- **Forgiven:** $1.77M (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.75M
- **Jobs reported:** 137
## Lender
- **Originating:** UMB Bank, National Association
- **Servicing:** UMB Bank, National Association (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*