# PPP loan: MAGNUM FABRICATION, INC
> **$163K** approved 04/28/2020 · Paid in Full · Loan `6550617209`
## Borrower
- **Name:** MAGNUM FABRICATION, INC
- **Address:** 6648 Gulfway Dr, PORT ARTHUR, TX, 77642-0315
- **NAICS:** 922160
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $163K
- **Initial approval:** $163K
- **Forgiven:** $164K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $163K
- **Jobs reported:** 11
## Lender
- **Originating:** Stellar Bank
- **Servicing:** Stellar Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*