Magnetic Seal Corp

$1,442,500 PPP Loan in Warren, Rhode Island

Loan Details

Loan Number
4357807010
Date Approved
Apr 3, 2020
Loan Status
Paid in Full
Initial Approval
$1,442,500
Current Approval
$1,252,200
Forgiveness Amount
$1,263,281
Forgiveness Date
Mar 24, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Magnetic Seal Corp
Address
365 Market St
City
Warren
ZIP Code
02885-2636
Business Type
Corporation
Industry (NAICS)
Manufacturing (333999)
Business Age
Existing or more than 2 years old
Jobs Reported
90
Estimated Revenue
$23.6M
Rural/Urban
Urban
Congressional District
RI-01

Loan Use Breakdown

Payroll
$1,252,200

Lender Information

Servicing Lender
Banknewport
Originating Lender
Banknewport

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