PPP Loan information for Magnum magnetics corporation

$2,000,000

Magnum magnetics corporation was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 03/20/2021 by The First National Bank of Pennsylvania reported 162 jobs and $2,000,000 was used to fund payroll.

Magnum magnetics corporation is Existing or more than 2 years old

PPP Loan Search / OH / Marietta / Magnum magnetics corporation

MAGNUM MAGNETICS CORPORATION

Date Approved

03/20/2021

SBA Office Code

0593

Processing Method

PPS

Borrower Name

MAGNUM MAGNETICS CORPORATION

Borrower Address

801 Masonic Park Rd

Borrower City

Marietta

Borrower State

OH

Borrower Zip

45750-9357

Loan Status Date

12/21/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

60275

Servicing Lender Name

First National Bank of Pennsylvania

Servicing Lender Address

166 Main St

Servicing Lender City

GREENVILLE

Servicing Lender State

PA

Servicing Lender Zip

16125-2146

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Marietta

Project County Name

WASHINGTON

Project State

OH

Project Zip

45750-9357

CD

OH-06

Jobs Reported

162

NAICS Code

326299

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1999998.00

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

Corporation

Originating Lender Location Id

60275

Originating Lender

First National Bank of Pennsylvania

Originating Lender City

GREENVILLE

Originating Lender State

PA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2012111.11

Forgiveness Date

11/09/2021

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