Magnetic Applications INC

$200,500 PPP Loan in Du Bois, Pennsylvania

Loan Details

Loan Number
6417877000
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$200,500
Current Approval
$200,500
Forgiveness Amount
$202,082
Forgiveness Date
Jan 25, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Magnetic Applications INC
Address
12 Industrial Dr
ZIP Code
15801-3842
Business Type
Subchapter S Corporation
Industry (NAICS)
Wholesale Trade (423840)
Business Age
Existing or more than 2 years old
Jobs Reported
19
Estimated Revenue
$5.8M
Rural/Urban
Rural
Congressional District
PA-15

Loan Use Breakdown

Payroll
$200,500

Lender Information

Servicing Lender
Umb Bank, National Association
Originating Lender
Umb Bank, National Association

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