Magnetic Insight, Inc.

$674,498 PPP Loan in Alameda, California

Loan Details

Loan Number
7425347304
Date Approved
Apr 30, 2020
Loan Status
Paid in Full
Initial Approval
$674,498
Current Approval
$674,498
Forgiveness Amount
$681,899
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Magnetic Insight, Inc.
Address
1010 Atlantic Ave Suite 100
ZIP Code
94501
Business Type
Corporation
Industry (NAICS)
Manufacturing (334510)
Business Age
Existing or more than 2 years old
Jobs Reported
28
Estimated Revenue
$7.3M
Rural/Urban
Urban
Congressional District
CA-12

Loan Use Breakdown

Payroll
$672,498
Utilities
$1,000
Mortgage Interest
$1,000

Lender Information

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

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