Magna-Power Electronics, Inc.
$1,064,670 PPP Loan in Flemington, New Jersey
Loan Details
- Loan Number
- 8514587106
- Date Approved
- Apr 15, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $1,064,670
- Current Approval
- $1,064,670
- Forgiveness Amount
- $1,072,537
- Forgiveness Date
- Jan 19, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Magna-Power Electronics, Inc.
- Address
- 39 Royal Rd
- City
- Flemington
- State
- New Jersey
- ZIP Code
- 08822
- Business Type
- Corporation
- Industry (NAICS)
- Retail Trade (443142)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 71
- Estimated Revenue
- $21.7M
- Rural/Urban
- Rural
- Congressional District
- NJ-07
Loan Use Breakdown
- Payroll
- $798,503
- Utilities
- $133,084
- Mortgage Interest
- $133,084
Lender Information
- Servicing Lender
- Fulton Bank, National Association
- Originating Lender
- Fulton Bank, National Association
Other PPP Loans in Flemington, NJ
| Business | Approved | |
|---|---|---|
| Macedos Construction LLC | $2,247,013 |  AI Deep Dive |
| Dfflm, LLC | $2,085,982 | AI Deep Dive |
| Macedos Construction LLC | $2,000,000 | AI Deep Dive |
| Hunterdon Cardiovascular Associates, PA | $1,432,398 | AI Deep Dive |
| Access Proprty Management LLC | $1,348,800 | AI Deep Dive |
Want to research this company further?
Try NewBizBot free