# PPP loan: MAGNUSON GROUP INC.
> **$427K** approved 04/14/2020 · Paid in Full · Loan `7946977104`
## Borrower
- **Name:** MAGNUSON GROUP INC.
- **Address:** 1400 INTERNATIONALE PARKWAY, WOODRIDGE, IL, 60517
- **NAICS:** 423210
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $427K
- **Initial approval:** $427K
- **Forgiven:** $430K (101%)
- **Forgiveness date:** 01/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $427K
- **Jobs reported:** 27
## Lender
- **Originating:** Fifth Third Bank
- **Servicing:** Fifth Third Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*