# PPP loan: MAGNUS PRECISION MANUFACTURING INC
> **$633K** approved 04/08/2020 · Paid in Full · Loan `8533107010`
## Borrower
- **Name:** MAGNUS PRECISION MANUFACTURING INC
- **Address:** 1912 STATE ROUTE 96, PHELPS, NY, 14532-9705
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $633K
- **Initial approval:** $633K
- **Forgiven:** $636K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $633K
- **Jobs reported:** 48
## Lender
- **Originating:** The North Side Bank and Trust Company
- **Servicing:** The North Side Bank and Trust Company (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*