# PPP loan: TMAG INDUSTRIES, INC.
> **$1.50M** approved 04/09/2020 · Paid in Full · Loan `9895447009`
## Borrower
- **Name:** TMAG INDUSTRIES, INC.
- **Address:** 6965 El Camino Real #105-4100, CARLSBAD, CA, 92009-4100
- **NAICS:** 221114
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.50M
- **Initial approval:** $1.50M
- **Forgiven:** $1.52M (101%)
- **Forgiveness date:** 09/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.50M
- **Jobs reported:** 106
## Lender
- **Originating:** Zions Bank, A Division of
- **Servicing:** Zions Bank, A Division of (UT)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*