# PPP loan: MAGNUM BIKES INC
> **$185K** approved 04/15/2020 · Paid in Full · Loan `9632697110`
## Borrower
- **Name:** MAGNUM BIKES INC
- **Address:** 11 BAKER LN, SUFFERN, NY, 10901-2401
- **NAICS:** 423120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $185K
- **Initial approval:** $185K
- **Forgiven:** $188K (101%)
- **Forgiveness date:** 09/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $185K
- **Jobs reported:** 14
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*