Magnetic Systems Int INC

$97,422 PPP Loan in Boyne City, Michigan

Loan Details

Loan Number
3035258402
Date Approved
Feb 4, 2021
Loan Status
Paid in Full
Initial Approval
$97,422
Current Approval
$97,422
Forgiveness Amount
$98,288
Forgiveness Date
Dec 29, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Magnetic Systems Int INC
Address
1095 Dam Rd
ZIP Code
49712-9613
Business Type
Corporation
Industry (NAICS)
Manufacturing (333999)
Business Age
Existing or more than 2 years old
Jobs Reported
9
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MI-01

Loan Use Breakdown

Payroll
$97,417
Utilities
$1

Lender Information

Servicing Lender
Citizens National Bank of Cheboygan
Originating Lender
Citizens National Bank of Cheboygan

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