PPP borrower record
MAGNA MACHINE & TOOL CO., INC. PPP loan record
Public SBA PPP loan record for MAGNA MACHINE & TOOL CO., INC.. Review approval amount, forgiveness amount, lender fields, borrower location, and source limitations.
$576,700
Approved amount
$582,878
Forgiven amount
2020-04-09
Date approved
Borrower and loan details
Borrower
MAGNA MACHINE & TOOL CO., INC.
Loan number
9348777004
Business type
Subchapter S Corporation
Business age
Existing or more than 2 years old
Borrower city
New Castle
Borrower state
Indiana
Borrower ZIP
47362
Jobs reported
39
Loan status
Paid in Full
Forgiveness date
2021-05-13
Servicing lender
STAR Financial Bank
Originating lender
STAR Financial Bank
Reported use of proceeds
Payroll
$454,700
Rent
$40,500
Utilities
$12,700
Mortgage interest
N/A
Health care
$61,900
Debt interest
$6,900
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.