Custom Magnetics, Inc.

$252,000 PPP Loan in North Manchester, Indiana

Loan Details

Loan Number
6474717103
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$252,000
Current Approval
$252,000
Forgiveness Amount
$254,976
Forgiveness Date
Jun 28, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Custom Magnetics, Inc.
Address
801 W Main St
State
Indiana
ZIP Code
46962-1452
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (334416)
Business Age
Existing or more than 2 years old
Jobs Reported
35
Estimated Revenue
$9.2M
Rural/Urban
Rural
Congressional District
IN-02

Loan Use Breakdown

Payroll
$252,000

Lender Information

Servicing Lender
First Financial Bank
Originating Lender
First Financial Bank

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