Midwest Magnetic Components, Inc.
$615,400 PPP Loan in Alcester, South Dakota
Loan Details
- Loan Number
- 2070307104
- Date Approved
- Apr 10, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $615,400
- Current Approval
- $615,400
- Forgiveness Amount
- $618,802
- Forgiveness Date
- Nov 3, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Midwest Magnetic Components, Inc.
- Address
- 109 Iowa St
- City
- Alcester
- State
- South Dakota
- ZIP Code
- 57001-7700
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Manufacturing (334416)
- Business Age
- New Business or 2 years or less
- Jobs Reported
- 74
- Estimated Revenue
- $19.4M
- Rural/Urban
- Rural
- Congressional District
- SD-
Loan Use Breakdown
- Payroll
- $615,400
Lender Information
- Servicing Lender
- Premier Bank
- Originating Lender
- Premier Bank
Other PPP Loans in Alcester, SD
| Business | Approved | |
|---|---|---|
| Midwest Manufacturing Componets Inc. | $615,400 |  Research |
| Alcester Care and Rehab Center, INC | $340,100 | Research |
| Alcester Groceries Inc. | $51,637 | Research |
| Wade Vermeersch | $43,900 | Research |
| Heuer & Koopmans | $37,640 | Research |
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