National Magnetics Group, Inc.

$1,765,800 PPP Loan in Bethlehem, Pennsylvania

Loan Details

Loan Number
5428287001
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$1,765,800
Current Approval
$1,765,800
Forgiveness Amount
$1,775,561
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
National Magnetics Group, Inc.
Address
1210 Win Drive
ZIP Code
18017-7061
Business Type
Corporation
Industry (NAICS)
Manufacturing (327110)
Business Age
Existing or more than 2 years old
Jobs Reported
125
Estimated Revenue
$124.0M
Rural/Urban
Urban
Congressional District
PA-07

Loan Use Breakdown

Payroll
$1,765,800

Lender Information

Servicing Lender
Fidelity Deposit and Discount Bank
Originating Lender
Fidelity Deposit and Discount Bank

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