# PPP loan: MAGINOT AND RAYHANABAD
> **$163K** approved 03/08/2021 · Paid in Full · Loan `7958548500`
## Borrower
- **Name:** MAGINOT AND RAYHANABAD
- **Address:** 3791 Katella Ave Ste 201, Los Alamitos, CA, 90720-2016
- **NAICS:** 621498
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $163K
- **Initial approval:** $163K
- **Forgiven:** $164K (101%)
- **Forgiveness date:** 11/24/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $163K
- **Utilities:** $1
- **Jobs reported:** 19
## Lender
- **Originating:** Farmers & Merchants Bank of Long Beach
- **Servicing:** Farmers & Merchants Bank of Long Beach (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*