Magnum Steel Works, INC
$886,500 PPP Loan in Mount Vernon, Illinois
Loan Details
- Loan Number
- 4370977009
- Date Approved
- Apr 3, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $886,500
- Current Approval
- $886,500
- Forgiveness Amount
- $894,661
- Forgiveness Date
- Mar 9, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Magnum Steel Works, INC
- Address
- 200 Shiloh Dr
- City
- Mount Vernon
- State
- Illinois
- ZIP Code
- 62864-8347
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Manufacturing (333249)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 87
- Estimated Revenue
- $22.8M
- Rural/Urban
- Rural
- Congressional District
- IL-12
Loan Use Breakdown
- Payroll
- $664,900
- Rent
- $100,000
- Health Care
- $121,600
Lender Information
- Servicing Lender
- Peoples National Bank, National Association
- Originating Lender
- Peoples National Bank, National Association
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