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Mag Tec Casting Corp.

$292,700 PPP Loan in Jackson, Michigan

Loan Details

Loan Number
9817567200
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$292,700
Current Approval
$292,700
Forgiveness Amount
$295,115
Forgiveness Date
Feb 23, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Mag Tec Casting Corp.
Address
2411 Research Dr
City
Jackson
State
Michigan
ZIP Code
49203-6409
Business Type
Corporation
Industry (NAICS)
Manufacturing (331523)
Business Age
Existing or more than 2 years old
Jobs Reported
24
Estimated Revenue
$6.3M
Rural/Urban
Rural
Congressional District
MI-05

Loan Use Breakdown

Payroll
$234,211
Mortgage Interest
$58,489

Lender Information

Servicing Lender
Comerica Bank
Originating Lender
Comerica Bank

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