# PPP loan: PURITAN MAGNETICS, INC.
> **$210K** approved 04/09/2020 · Paid in Full · Loan `9629087005`
## Borrower
- **Name:** PURITAN MAGNETICS, INC.
- **Address:** 533 S LAPEER RD Ste. 100, OXFORD, MI, 48371-5032
- **NAICS:** 332999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $210K
- **Initial approval:** $210K
- **Forgiven:** $212K (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $205K
- **Rent:** $5K
- **Jobs reported:** 18
## Lender
- **Originating:** Waterford Bank, National Association
- **Servicing:** Waterford Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*