# PPP loan: MAGDIC PRECISION TOOLING INC
> **$212K** approved 02/13/2021 · Paid in Full · Loan `8296498405`
## Borrower
- **Name:** MAGDIC PRECISION TOOLING INC
- **Address:** 1070 3rd St, North Versailles, PA, 15137-2057
- **NAICS:** 333514
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $212K
- **Initial approval:** $212K
- **Forgiven:** $213K (101%)
- **Forgiveness date:** 10/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $212K
- **Utilities:** $1
- **Jobs reported:** 14
## Lender
- **Originating:** Citizens Bank, National Association
- **Servicing:** Citizens Bank, National Association (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*