PPP borrower record
MAGNETIC PRODUCTS INC PPP loan record
Public SBA PPP loan record for MAGNETIC PRODUCTS INC. Review approval amount, forgiveness amount, lender fields, borrower location, and source limitations.
$727,676
Approved amount
N/A
Forgiven amount
2021-01-16
Date approved
Borrower and loan details
Borrower
MAGNETIC PRODUCTS INC
Loan number
1164498303
Business type
Corporation
Business age
Existing or more than 2 years old
Borrower city
Highland
Borrower state
Michigan
Borrower ZIP
48356
Jobs reported
45
Loan status
Exemption 4
Forgiveness date
N/A
Servicing lender
Chelsea State Bank
Originating lender
Chelsea State Bank
Reported use of proceeds
Payroll
$727,675
Rent
N/A
Utilities
N/A
Mortgage interest
N/A
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.