PPP Loan information for Magnetic technologies, ltd.

$517,000

Magnetic technologies, ltd. was initially approved for PPP Loan of amount $517,000, the current approved amount is $517,000. The loan was approved on 04/08/2020 by The Webster Five Cents Savings Bank reported 31 jobs and $517,000 was used to fund payroll.

Magnetic technologies, ltd. is Existing or more than 2 years old

PPP Loan Search / MA / OXFORD / Magnetic technologies, ltd.

MAGNETIC TECHNOLOGIES, LTD.

Date Approved

04/08/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

MAGNETIC TECHNOLOGIES, LTD.

Borrower Address

43 Town Forest Rd

Borrower City

OXFORD

Borrower State

MA

Borrower Zip

01540-2845

Loan Status Date

12/16/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

517000.00

Current Approval Amount

517000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33428

Servicing Lender Name

Webster Five Cents Savings Bank

Servicing Lender Address

136 Thompson Rd

Servicing Lender City

WEBSTER

Servicing Lender State

MA

Servicing Lender Zip

01570-1416

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

OXFORD

Project County Name

WORCESTER

Project State

MA

Project Zip

01540-2845

CD

MA-01

Jobs Reported

31

NAICS Code

333613

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

7000.00

Payroll Proceed

510000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

33428

Originating Lender

Webster Five Cents Savings Bank

Originating Lender City

WEBSTER

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

519886.58

Forgiveness Date

11/05/2020

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