# PPP loan: ADVANCED MAGNESIUM ALLOYS CORPORATION
> **$601K** approved 04/07/2020 · Paid in Full · Loan `7111597001`
## Borrower
- **Name:** ADVANCED MAGNESIUM ALLOYS CORPORATION
- **Address:** 1820 E 32nd Street, ANDERSON, IN, 46013-2144
- **NAICS:** 331492
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $601K
- **Initial approval:** $601K
- **Forgiven:** $605K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $601K
- **Jobs reported:** 38
## Lender
- **Originating:** STAR Financial Bank
- **Servicing:** STAR Financial Bank (IN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*