Magnetic Electric Company
$5,800 PPP Loan in Foster, Rhode Island
Loan Details
- Loan Number
- 1715387306
- Date Approved
- Apr 28, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $5,800
- Current Approval
- $5,800
- Forgiveness Amount
- $5,838
- Forgiveness Date
- Dec 22, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Magnetic Electric Company
- Address
- 162 Franklin Road
- City
- Foster
- State
- Rhode Island
- ZIP Code
- 02825
- Business Type
- Sole Proprietorship
- Industry (NAICS)
- Construction (238210)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 1
- Estimated Revenue
- <$5M
- Rural/Urban
- Urban
- Congressional District
- RI-02
Loan Use Breakdown
- Payroll
- $5,800
Lender Information
- Servicing Lender
- Centreville Bank
- Originating Lender
- Centreville Bank
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