# PPP loan: MAGTECH INDUSTRIES CORP.
> **$211K** approved 01/28/2021 · Paid in Full · Loan `7247438310`
## Borrower
- **Name:** MAGTECH INDUSTRIES CORP.
- **Address:** 5625 Arville St Ste A, Las Vegas, NV, 89118-2280
- **NAICS:** 423610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $211K
- **Initial approval:** $211K
- **Forgiven:** $212K (101%)
- **Forgiveness date:** 09/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $211K
- **Utilities:** $1
- **Jobs reported:** 15
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*