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Magnum Magnetics Corporation

$2,000,000 PPP Loan in Marietta, Ohio

Loan Details

Loan Number
5280918609
Date Approved
Mar 20, 2021
Loan Status
Paid in Full
Initial Approval
$2,000,000
Current Approval
$2,000,000
Forgiveness Amount
$2,012,111
Forgiveness Date
Nov 9, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Magnum Magnetics Corporation
Address
801 Masonic Park Rd
City
Marietta
State
Ohio
ZIP Code
45750-9357
Business Type
Corporation
Industry (NAICS)
Manufacturing (326299)
Business Age
Existing or more than 2 years old
Jobs Reported
162
Estimated Revenue
$160.7M
Rural/Urban
Rural
Congressional District
OH-06

Loan Use Breakdown

Payroll
$1,999,998
Utilities
$1

Lender Information

Servicing Lender
First National Bank of Pennsylvania
Originating Lender
First National Bank of Pennsylvania

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