# PPP loan: MAGNET, LLC
> **$3.90M** approved 04/09/2020 · Paid in Full · Loan `9328957002`
## Borrower
- **Name:** MAGNET, LLC
- **Address:** 7 CHAMBER DR, WASHINGTON, MO, 63090-5258
- **NAICS:** 339999
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.90M
- **Initial approval:** $3.90M
- **Forgiven:** $3.82M (98%)
- **Forgiveness date:** 07/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.90M
- **Jobs reported:** 225
## Lender
- **Originating:** Arvest Bank
- **Servicing:** Arvest Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*