# PPP loan: ARNOLD MAGNETICS CORPORATION
> **$1.10M** approved 04/30/2020 · Paid in Full · Loan `7536527302`
## Borrower
- **Name:** ARNOLD MAGNETICS CORPORATION
- **Address:** 841 AVENIDA ACASO, CAMARILLO, CA, 93012-8795
- **NAICS:** 334419
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.10M
- **Initial approval:** $1.10M
- **Forgiven:** $1.11M (101%)
- **Forgiveness date:** 04/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.10M
- **Jobs reported:** 78
## Lender
- **Originating:** Umpqua Bank
- **Servicing:** Umpqua Bank (OR)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*