# PPP loan: BADGER MAGNETICS, LNC
> **$587K** approved 04/07/2020 · Paid in Full · Loan `6628057001`
## Borrower
- **Name:** BADGER MAGNETICS, LNC
- **Address:** 7939 W. Tower Ave, MILWAUKEE, WI, 53223-3213
- **NAICS:** 335311
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $587K
- **Initial approval:** $587K
- **Forgiven:** $585K (100%)
- **Forgiveness date:** 03/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $587K
- **Jobs reported:** 67
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*