# PPP loan: D. MAGNAN & CO.,INC
> **$647K** approved 05/01/2020 · Paid in Full · Loan `8989407309`
## Borrower
- **Name:** D. MAGNAN & CO.,INC
- **Address:** 32 CORTLANDT ST, MOUNT VERNON, NY, 10550-2760
- **NAICS:** 238990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $647K
- **Initial approval:** $647K
- **Forgiven:** $653K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $485K
- **Rent:** $49K
- **Utilities:** $13K
- **Health care:** $100K
- **Jobs reported:** 26
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*