Power Magnetics INC
$276,500 PPP Loan in Trenton, New Jersey
Loan Details
- Loan Number
- 2951998304
- Date Approved
- Jan 21, 2021
- Loan Status
- Paid in Full
- Initial Approval
- $276,500
- Current Approval
- $276,500
- Forgiveness Amount
- $280,110
- Forgiveness Date
- May 19, 2022
- Term
- 60 months
- Draw
- Second Draw
Business Information
- Business Name
- Power Magnetics INC
- Address
- 377 Reservoir St
- City
- Trenton
- State
- New Jersey
- ZIP Code
- 08618-3641
- Business Type
- Corporation
- Industry (NAICS)
- Manufacturing (333611)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 20
- Estimated Revenue
- $5.2M
- Rural/Urban
- Urban
- Congressional District
- NJ-12
Loan Use Breakdown
- Payroll
- $276,498
- Utilities
- $1
Lender Information
- Servicing Lender
- Magyar Bank
- Originating Lender
- Magyar Bank
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