Esop Magnus Precision Mfg

$565,000 PPP Loan in Phelps, New York

Loan Details

Loan Number
1001528305
Date Approved
Jan 16, 2021
Loan Status
Paid in Full
Initial Approval
$565,000
Current Approval
$565,000
Forgiveness Amount
$567,244
Forgiveness Date
Jun 15, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Esop Magnus Precision Mfg
Address
1912 State Route 96
City
Phelps
ZIP Code
14532-9705
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332710)
Business Age
Existing or more than 2 years old
Jobs Reported
43
Estimated Revenue
$10.5M
Rural/Urban
Rural
Congressional District
NY-24

Loan Use Breakdown

Payroll
$564,997
Utilities
$1

Lender Information

Servicing Lender
The North Side Bank and Trust Company
Originating Lender
The North Side Bank and Trust Company

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