# PPP loan: MAGNUM ENGINEERING INC
> **$373K** approved 01/30/2021 · Paid in Full · Loan `9152008306`
## Borrower
- **Name:** MAGNUM ENGINEERING INC
- **Address:** 2439 S 49th Ave, Phoenix, AZ, 85043-8107
- **NAICS:** 332312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $373K
- **Initial approval:** $373K
- **Forgiven:** $377K (101%)
- **Forgiveness date:** 03/29/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $373K
- **Utilities:** $1
- **Jobs reported:** 39
## Lender
- **Originating:** BNC National Bank
- **Servicing:** BNC National Bank (AZ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*