Magnetic Seal Corp

$1,332,956 PPP Loan in Warren, Rhode Island

Loan Details

Loan Number
4358268502
Date Approved
Feb 25, 2021
Loan Status
Paid in Full
Initial Approval
$1,332,956
Current Approval
$1,332,956
Forgiveness Amount
$1,340,991
Forgiveness Date
Oct 25, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Magnetic Seal Corp
Address
365 Market St
City
Warren
ZIP Code
02885-2636
Business Type
Corporation
Industry (NAICS)
Manufacturing (339991)
Business Age
Existing or more than 2 years old
Jobs Reported
95
Estimated Revenue
$26.5M
Rural/Urban
Urban
Congressional District
RI-01

Loan Use Breakdown

Payroll
$1,332,954
Utilities
$1

Lender Information

Servicing Lender
Baycoast Bank
Originating Lender
Baycoast Bank

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