Magnet-Schultz of America INC

$1,120,000 PPP Loan in Westmont, Illinois

Loan Details

Loan Number
1497677300
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$1,120,000
Current Approval
$1,120,000
Forgiveness Amount
$1,132,631
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Magnet-Schultz of America INC
Address
401 Plaza Dr
ZIP Code
60559-1233
Business Type
Corporation
Industry (NAICS)
Manufacturing (332721)
Business Age
Unanswered
Jobs Reported
75
Estimated Revenue
$18.3M
Rural/Urban
Urban
Congressional District
IL-06

Loan Use Breakdown

Payroll
$1,120,000

Lender Information

Servicing Lender
Pnc Bank, National Association
Originating Lender
Pnc Bank, National Association

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