# PPP loan: AMI/COAST MAGNETICS INC
> **$360K** approved 03/12/2021 · Paid in Full · Loan `9538728509`
## Borrower
- **Name:** AMI/COAST MAGNETICS INC
- **Address:** 5333 W Washington Blvd, Los Angeles, CA, 90016-1128
- **NAICS:** 334416
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $360K
- **Initial approval:** $360K
- **Forgiven:** $362K (101%)
- **Forgiveness date:** 10/26/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $360K
- **Jobs reported:** 42
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*