Magnum Machining Incorporated

$530,900 PPP Loan in Deerwood, Minnesota

Loan Details

Loan Number
7774507008
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$530,900
Current Approval
$530,900
Forgiveness Amount
$534,987
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Magnum Machining Incorporated
Address
20959 State Highway 6
ZIP Code
56444
Business Type
Corporation
Industry (NAICS)
Manufacturing (332721)
Business Age
Existing or more than 2 years old
Jobs Reported
47
Estimated Revenue
$11.5M
Rural/Urban
Rural
Congressional District
MN-08

Loan Use Breakdown

Payroll
$530,900

Lender Information

Servicing Lender
Bremer Bank, National Association
Originating Lender
Bremer Bank, National Association

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