Puritan Magnetics, Inc.

$210,000 PPP Loan in Oxford, Michigan

Loan Details

Loan Number
9629087005
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$210,000
Current Approval
$210,000
Forgiveness Amount
$211,785
Forgiveness Date
Feb 17, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Puritan Magnetics, Inc.
Address
533 S Lapeer Rd Ste. 100
City
Oxford
ZIP Code
48371-5032
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332999)
Business Age
Existing or more than 2 years old
Jobs Reported
18
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
MI-09

Loan Use Breakdown

Payroll
$204,800
Rent
$5,200

Lender Information

Servicing Lender
Waterford Bank, National Association
Originating Lender
Waterford Bank, National Association

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