PPP Loan information for Power magnetics, inc

$276,500

Power magnetics, inc was initially approved for PPP Loan of amount $279,500, the current approved amount is $276,500. The loan was approved on 04/04/2020 by The Magyar Bank reported 25 jobs and $276,500 was used to fund payroll.

Power magnetics, inc is Existing or more than 2 years old

PPP Loan Search / NJ / TRENTON / Power magnetics, inc

POWER MAGNETICS, INC

Date Approved

04/04/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

POWER MAGNETICS, INC

Borrower Address

377 RESERVOIR ST

Borrower City

TRENTON

Borrower State

NJ

Borrower Zip

08618-3641

Loan Status Date

03/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

279500.00

Current Approval Amount

276500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

87737

Servicing Lender Name

Magyar Bank

Servicing Lender Address

400 Somerset St

Servicing Lender City

NEW BRUNSWICK

Servicing Lender State

NJ

Servicing Lender Zip

08901-3265

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

TRENTON

Project County Name

MERCER

Project State

NJ

Project Zip

08618-3641

CD

NJ-12

Jobs Reported

25

NAICS Code

333611

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

90167.00

Payroll Proceed

93167.00

Mortgage Interest Proceed

0.00

Rent Proceed

93166.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

87737

Originating Lender

Magyar Bank

Originating Lender City

NEW BRUNSWICK

Originating Lender State

NJ

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

278758.08

Forgiveness Date

02/10/2021

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