# PPP loan: MAGNI INDUSTRIES, INC.
> **$1.46M** approved 04/28/2020 · Paid in Full · Loan `8865697204`
## Borrower
- **Name:** MAGNI INDUSTRIES, INC.
- **Address:** 390 Park Street Suite 300, BIRMINGHAM, MI, 48009-3400
- **NAICS:** 325510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.46M
- **Initial approval:** $1.46M
- **Forgiven:** $1.48M (101%)
- **Forgiveness date:** 06/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.46M
- **Jobs reported:** 98
## 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*