# PPP loan: MAX IMPACT MARKETING INC
> **$350K** approved 07/29/2020 · Charged Off · Loan `9965048108`
## Borrower
- **Name:** MAX IMPACT MARKETING INC
- **Address:** 169 First St NE, Forest Lake, MN, 55025
- **NAICS:** 522220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $350K
- **Initial approval:** $350K
- **Forgiven:** $227K (65%)
- **Forgiveness date:** 06/28/2022
- **Status:** Charged Off
- **Term:** 34 months
## Use of funds
- **Payroll:** $350K
- **Jobs reported:** 20
## Lender
- **Originating:** Magnifi Financial CU
- **Servicing:** Magnifi Financial CU (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*