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Mag Stainless, INC

$205,000 PPP Loan in Cadott, Wisconsin

Loan Details

Loan Number
4820607001
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$205,000
Current Approval
$205,000
Forgiveness Amount
$206,549
Forgiveness Date
Jan 8, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Mag Stainless, INC
Address
1153 250th St
City
Cadott
State
Wisconsin
ZIP Code
54727-4963
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332439)
Business Age
Existing or more than 2 years old
Jobs Reported
15
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
WI-07

Loan Use Breakdown

Payroll
$184,968
Rent
$15,000
Utilities
$5,032

Lender Information

Servicing Lender
Forward Bank
Originating Lender
Forward Bank

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