PPP Loan information for National magnetics group, inc.

$1,765,800

National magnetics group, inc. was initially approved for PPP Loan of amount $1,765,800, the current approved amount is $1,765,800. The loan was approved on 04/05/2020 by The Fidelity Deposit and Discount Bank reported 125 jobs and $1,765,800 was used to fund payroll.

National magnetics group, inc. is Existing or more than 2 years old

PPP Loan Search / PA / BETHLEHEM / National magnetics group, inc.

NATIONAL MAGNETICS GROUP, INC.

Date Approved

04/05/2020

SBA Office Code

0303

Processing Method

PPP

Borrower Name

NATIONAL MAGNETICS GROUP, INC.

Borrower Address

1210 Win Drive

Borrower City

BETHLEHEM

Borrower State

PA

Borrower Zip

18017-7061

Loan Status Date

12/18/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1765800.00

Current Approval Amount

1765800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

60093

Servicing Lender Name

Fidelity Deposit and Discount Bank

Servicing Lender Address

101 S Blakely St

Servicing Lender City

DUNMORE

Servicing Lender State

PA

Servicing Lender Zip

18512

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

BETHLEHEM

Project County Name

NORTHAMPTON

Project State

PA

Project Zip

18017-7061

CD

PA-07

Jobs Reported

125

NAICS Code

327110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1765800.00

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

60093

Originating Lender

Fidelity Deposit and Discount Bank

Originating Lender City

DUNMORE

Originating Lender State

PA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1775560.95

Forgiveness Date

11/03/2020

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