American Magnetics, INC

$623,338 PPP Loan in Oak Ridge, Tennessee

Loan Details

Loan Number
6151287100
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$623,338
Current Approval
$623,338
Forgiveness Amount
$627,829
Forgiveness Date
Jan 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
American Magnetics, INC
Address
112 Flint Rd
ZIP Code
37831
Business Type
Corporation
Industry (NAICS)
Manufacturing (339999)
Business Age
New Business or 2 years or less
Jobs Reported
54
Estimated Revenue
$15.1M
Rural/Urban
Rural
Congressional District
TN-03

Loan Use Breakdown

Payroll
$623,338

Lender Information

Servicing Lender
Pinnacle Bank
Originating Lender
Pinnacle Bank

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