Magnet America International INC

$154,123 PPP Loan in King, North Carolina

Loan Details

Loan Number
4758588503
Date Approved
Feb 26, 2021
Loan Status
Paid in Full
Initial Approval
$154,123
Current Approval
$154,123
Forgiveness Amount
$154,633
Forgiveness Date
Jun 29, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Magnet America International INC
Address
512 Newsome Rd
City
King
ZIP Code
27021-8510
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (325910)
Business Age
Existing or more than 2 years old
Jobs Reported
17
Estimated Revenue
$16.9M
Rural/Urban
Rural
Congressional District
NC-05

Loan Use Breakdown

Payroll
$154,121
Utilities
$1

Lender Information

Servicing Lender
Truist Bank
Originating Lender
Truist Bank

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