# PPP loan: MAGNUM DRYWALL, INC
> **$10.00M** approved 04/28/2020 · Paid in Full · Loan `6616357207`
## Borrower
- **Name:** MAGNUM DRYWALL, INC
- **Address:** 42027 Boscell Rd, FREMONT, CA, 94538
- **NAICS:** 212321
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $10.00M
- **Initial approval:** $10.00M
- **Forgiven:** $10.12M (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $7.50M
- **Mortgage interest:** $1.25M
- **Utilities:** $1.25M
- **Jobs reported:** 408
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*