Magnetic Insight Inc.

$745,137 PPP Loan in Alameda, California

Loan Details

Loan Number
7112268310
Date Approved
Jan 27, 2021
Loan Status
Paid in Full
Initial Approval
$745,137
Current Approval
$745,137
Forgiveness Amount
$754,720
Forgiveness Date
May 26, 2022
Term
60 months
Draw
Second Draw

Business Information

Business Name
Magnetic Insight Inc.
Address
1010 Atlantic Ave Ste 100
ZIP Code
94501-1199
Business Type
Corporation
Industry (NAICS)
Manufacturing (334516)
Business Age
Existing or more than 2 years old
Jobs Reported
30
Estimated Revenue
$7.9M
Rural/Urban
Urban
Congressional District
CA-12

Loan Use Breakdown

Payroll
$745,135
Utilities
$1

Lender Information

Servicing Lender
First-Citizens Bank & Trust Company
Originating Lender
Silicon Valley Bridge Bank NA

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