Magnetic Products INC

$685,400 PPP Loan in Highland, Michigan

Loan Details

Loan Number
6284377107
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$685,400
Current Approval
$685,400
Forgiveness Amount
$689,703
Forgiveness Date
Dec 2, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Magnetic Products INC
Address
683 Town Center Dr
ZIP Code
48356-2965
Business Type
Corporation
Industry (NAICS)
Manufacturing (333241)
Business Age
Existing or more than 2 years old
Jobs Reported
43
Estimated Revenue
$11.3M
Rural/Urban
Urban
Congressional District
MI-09

Loan Use Breakdown

Payroll
$685,400

Lender Information

Servicing Lender
Pnc Bank, National Association
Originating Lender
Pnc Bank, National Association

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