Magnetec Inspection Inc.

$301,250 PPP Loan in Bradley, Illinois

Loan Details

Loan Number
1602827104
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$301,250
Current Approval
$301,250
Forgiveness Amount
$305,443
Forgiveness Date
Sep 8, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Magnetec Inspection Inc.
Address
1159 E. North Street
ZIP Code
60915-1210
Business Type
Subchapter S Corporation
Industry (NAICS)
Professional, Scientific, and Technical Services (541990)
Business Age
Existing or more than 2 years old
Jobs Reported
24
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
IL-01

Loan Use Breakdown

Payroll
$301,250

Lender Information

Servicing Lender
Peoples Bank of Kankakee County
Originating Lender
Peoples Bank of Kankakee County

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