Magnet America International Inc.

$199,903 PPP Loan in King, North Carolina

Loan Details

Loan Number
9796507008
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$199,903
Current Approval
$199,903
Forgiveness Amount
$202,002
Forgiveness Date
May 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Magnet America International Inc.
Address
512 Newsome Rd
City
King
ZIP Code
27021-8510
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332999)
Business Age
Existing or more than 2 years old
Jobs Reported
22
Estimated Revenue
$5.4M
Rural/Urban
Rural
Congressional District
NC-05

Loan Use Breakdown

Payroll
$199,903

Lender Information

Servicing Lender
Truist Bank
Originating Lender
Truist Bank

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