Magnetic Technologies, Ltd.
$517,000 PPP Loan in Oxford, Massachusetts
Loan Details
- Loan Number
- 8052837005
- Date Approved
- Apr 8, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $517,000
- Current Approval
- $517,000
- Forgiveness Amount
- $519,887
- Forgiveness Date
- Nov 5, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Magnetic Technologies, Ltd.
- Address
- 43 Town Forest Rd
- City
- Oxford
- State
- Massachusetts
- ZIP Code
- 01540-2845
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Manufacturing (333613)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 31
- Estimated Revenue
- $8.1M
- Rural/Urban
- Urban
- Congressional District
- MA-01
Loan Use Breakdown
- Payroll
- $510,000
- Utilities
- $7,000
Lender Information
- Servicing Lender
- Webster Five Cents Savings Bank
- Originating Lender
- Webster Five Cents Savings Bank
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