# PPP loan: MAGNUM STEEL SERVICES CORP.
> **$253K** approved 04/07/2020 · Paid in Full · Loan `7614327003`
## Borrower
- **Name:** MAGNUM STEEL SERVICES CORP.
- **Address:** 2402 E 5th Ave, TAMPA, FL, 33605-5434
- **NAICS:** 238120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $253K
- **Initial approval:** $253K
- **Forgiven:** $255K (101%)
- **Forgiveness date:** 02/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $253K
- **Jobs reported:** 14
## Lender
- **Originating:** The Bank of Tampa
- **Servicing:** The Bank of Tampa (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*