Power Magnetics, INC
$279,500 PPP Loan in Trenton, New Jersey
Loan Details
- Loan Number
- 4693887000
- Date Approved
- Apr 4, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $279,500
- Current Approval
- $276,500
- Forgiveness Amount
- $278,758
- Forgiveness Date
- Feb 10, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Power Magnetics, INC
- Address
- 377 Reservoir St
- City
- Trenton
- State
- New Jersey
- ZIP Code
- 08618-3641
- Business Type
- Corporation
- Industry (NAICS)
- Manufacturing (333611)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 25
- Estimated Revenue
- $6.5M
- Rural/Urban
- Urban
- Congressional District
- NJ-12
Loan Use Breakdown
- Payroll
- $93,167
- Rent
- $93,166
- Utilities
- $90,167
Lender Information
- Servicing Lender
- Magyar Bank
- Originating Lender
- Magyar Bank
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