Magna Machine & Tool Co., Inc.
$576,700 PPP Loan in New Castle, Indiana
Loan Details
- Loan Number
- 9348777004
- Date Approved
- Apr 9, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $576,700
- Current Approval
- $576,700
- Forgiveness Amount
- $582,878
- Forgiveness Date
- May 13, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Magna Machine & Tool Co., Inc.
- Address
- 3722 North Messick Rd
- City
- New Castle
- State
- Indiana
- ZIP Code
- 47362-9315
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Manufacturing (333519)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 39
- Estimated Revenue
- $10.2M
- Rural/Urban
- Rural
- Congressional District
- IN-06
Loan Use Breakdown
- Payroll
- $454,700
- Rent
- $40,500
- Utilities
- $12,700
- Health Care
- $61,900
- Debt Interest
- $6,900
Lender Information
- Servicing Lender
- Star Financial Bank
- Originating Lender
- Star Financial Bank
Other PPP Loans in New Castle, IN
| Business | Approved | |
|---|---|---|
| Heritage House Group, LLC | $1,927,300 |  Research |
| New Castle Stainless Plate, LLC | $1,837,500 | Research |
| Walnut Ridge Family Trailer Sales, Inc. | $864,173 | Research |
| Conway Communications INC | $715,705 | Research |
| Bethany Cares INC | $666,100 | Research |
Want to research this company further?
Try NewBizBot free