# PPP loan: ALPHA MAGNETICS, INC.
> **$189K** approved 04/14/2020 · Paid in Full · Loan `7157467101`
## Borrower
- **Name:** ALPHA MAGNETICS, INC.
- **Address:** 23453 Bernhardt street, HAYWARD, CA, 94545
- **NAICS:** 333242
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $189K
- **Initial approval:** $189K
- **Forgiven:** $192K (101%)
- **Forgiveness date:** 09/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $189K
- **Jobs reported:** 12
## Lender
- **Originating:** Citibank, N.A.
- **Servicing:** Citibank, N.A. (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*