Magtek, Inc.
$4,140,000 PPP Loan in Seal Beach, California
Loan Details
- Loan Number
- 3772767210
- Date Approved
- Apr 27, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $4,140,000
- Current Approval
- $3,000,000
- Forgiveness Amount
- $3,032,667
- Forgiveness Date
- Jun 15, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Magtek, Inc.
- Address
- 1710 Apollo Court 0
- City
- Seal Beach
- State
- California
- ZIP Code
- 90740-5617
- Business Type
- Corporation
- Industry (NAICS)
- Manufacturing (334118)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 231
- Estimated Revenue
- $60.5M
- Rural/Urban
- Urban
- Congressional District
- CA-47
Loan Use Breakdown
- Payroll
- $3,000,000
Lender Information
- Servicing Lender
- Citibank, N.a.
- Originating Lender
- Citibank, N.a.
Other PPP Loans in Seal Beach, CA
| Business | Approved | |
|---|---|---|
| Dendreon Pharmaceuticals LLC | $10,000,000 |  Research |
| Magtek Inc. | $2,000,000 | Research |
| Diversified Technical Systems, Inc. | $1,840,228 | Research |
| Olson Urban Housing, LLC | $1,481,002 | Research |
| Original Parts Group, Inc. | $1,224,082 | Research |
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