Power Magne-Tech Corp.

$155,000 PPP Loan in Perth Amboy, New Jersey

Loan Details

Loan Number
2697187403
Date Approved
May 6, 2020
Loan Status
Paid in Full
Initial Approval
$155,000
Current Approval
$155,000
Forgiveness Amount
$157,357
Forgiveness Date
Nov 18, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Power Magne-Tech Corp.
Address
653 Sayre Ave
ZIP Code
08861-3612
Business Type
Corporation
Industry (NAICS)
Manufacturing (335311)
Business Age
Unanswered
Jobs Reported
20
Estimated Revenue
$5.2M
Rural/Urban
Urban
Congressional District
NJ-06

Loan Use Breakdown

Payroll
$155,000

Lender Information

Servicing Lender
Bank of America, National Association
Originating Lender
Bank of America, National Association

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