Magnatech International, INC
$527,082 PPP Loan in Robesonia, Pennsylvania
Loan Details
- Loan Number
- 8965607109
- Date Approved
- Apr 15, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $527,082
- Current Approval
- $527,082
- Forgiveness Amount
- $529,941
- Forgiveness Date
- Nov 3, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Magnatech International, INC
- Address
- 17 East Meadow Avenue
- City
- Robesonia
- State
- Pennsylvania
- ZIP Code
- 19551
- Business Type
- Corporation
- Industry (NAICS)
- Manufacturing (333131)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 34
- Estimated Revenue
- $8.9M
- Rural/Urban
- Urban
- Congressional District
- PA-09
Loan Use Breakdown
- Payroll
- $331,582
- Rent
- $25,500
- Utilities
- $15,000
- Health Care
- $65,000
- Debt Interest
- $90,000
Lender Information
- Servicing Lender
- Manufacturers and Traders Trust Company
- Originating Lender
- Manufacturers and Traders Trust Company
Other PPP Loans in Robesonia, PA
| Business | Approved | |
|---|---|---|
| Grosfillex INC | $1,623,300 |  AI Deep Dive |
| Grosfillex INC | $850,000 | AI Deep Dive |
| Adelphi Kitchens Inc. | $805,000 | AI Deep Dive |
| Adelphi Kitchens, Inc. | $781,100 | AI Deep Dive |
| Magnatech International INC | $580,950 | AI Deep Dive |
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