PPP borrower record
MAGNA-POWER ELECTRONICS, INC. PPP loan record
Public SBA PPP loan record for MAGNA-POWER ELECTRONICS, INC.. Review approval amount, forgiveness amount, lender fields, borrower location, and source limitations.
$1,064,670
Approved amount
$1,072,537
Forgiven amount
2020-04-15
Date approved
Borrower and loan details
Borrower
MAGNA-POWER ELECTRONICS, INC.
Loan number
8514587106
Business type
Corporation
Business age
Existing or more than 2 years old
Borrower city
Flemington
Borrower state
New Jersey
Borrower ZIP
08822
Jobs reported
71
Loan status
Paid in Full
Forgiveness date
2021-01-19
Servicing lender
Fulton Bank, National Association
Originating lender
Fulton Bank, National Association
Reported use of proceeds
Payroll
$798,503
Rent
N/A
Utilities
$133,084
Mortgage interest
$133,084
Health care
N/A
Debt interest
N/A
Location pages
Related directories
Source note
PPP Loan Map uses SBA public PPP records and Geocodio's geocoded PPP dataset for latitude, longitude, and Census geography. Map pins are geocoded estimates, not verified current business locations. Records are public administrative data, not legal findings.