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Magni-Power Company

$1,097,300 PPP Loan in Wooster, Ohio

Loan Details

Loan Number
1579428306
Date Approved
Jan 19, 2021
Loan Status
Paid in Full
Initial Approval
$1,097,300
Current Approval
$1,097,300
Forgiveness Amount
$1,103,012
Forgiveness Date
Aug 6, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Magni-Power Company
Address
5511 E Lincoln Way
City
Wooster
State
Ohio
ZIP Code
44691-8607
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332999)
Business Age
Existing or more than 2 years old
Jobs Reported
99
Estimated Revenue
$24.2M
Rural/Urban
Rural
Congressional District
OH-07

Loan Use Breakdown

Payroll
$1,097,300

Lender Information

Servicing Lender
Main Street Bank Corp
Originating Lender
Main Street Bank Corp

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