Current business record

MAGNETIC PRODUCTS INC

We found 2 public loan records at or above $150,000 in the current SBA release.

This is a historical government-data listing. It does not establish wrongdoing, eligibility, forgiveness, or the final amount disbursed.

Loan 1

$350,000–1 million
Filed business name
MAGNETIC PRODUCTS INC
Approval date
Jan 16, 2021
Initial approval amount
$727,675.55
Current approval amount
$727,675.55
Loan status
Paid in Full (Aug 5, 2021)
Forgiveness amount
$731,104.60
Jobs reported
45
Address
683 Town Center Dr
Highland, MI 48356-2965
Lender
Chelsea State Bank
NAICS code
335999
Business type
Corporation
Congressional district
MI-09

Loan 2

$350,000–1 million
Filed business name
MAGNETIC PRODUCTS INC
Approval date
Apr 14, 2020
Initial approval amount
$685,400.00
Current approval amount
$685,400.00
Loan status
Paid in Full (Jan 9, 2021)
Forgiveness amount
$689,702.79
Jobs reported
43
Address
683 TOWN CENTER DR
HIGHLAND, MI 48356-2965
Lender
PNC Bank, National Association
NAICS code
333241
Business type
Corporation
Congressional district
MI-09