Magna Machine & Tool Co INC
$576,700 PPP Loan in New Castle, Indiana
Loan Details
- Loan Number
- 3672058306
- Date Approved
- Jan 22, 2021
- Loan Status
- Paid in Full
- Initial Approval
- $576,700
- Current Approval
- $576,700
- Forgiveness Amount
- $584,126
- Forgiveness Date
- May 19, 2022
- Term
- 60 months
- Draw
- Second Draw
Business Information
- Business Name
- Magna Machine & Tool Co INC
- Address
- 3722 N Messick Rd
- City
- New Castle
- State
- Indiana
- ZIP Code
- 47362-9315
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Manufacturing (332710)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 38
- Estimated Revenue
- $9.3M
- Rural/Urban
- Rural
- Congressional District
- IN-06
Loan Use Breakdown
- Payroll
- $576,697
- Utilities
- $1
Lender Information
- Servicing Lender
- Star Financial Bank
- Originating Lender
- Star Financial Bank
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