PPP borrower record
MAGNETEC INSPECTION INC. PPP loan record
Public SBA PPP loan record for MAGNETEC INSPECTION INC.. Review approval amount, forgiveness amount, lender fields, borrower location, and source limitations.
$301,250
Approved amount
N/A
Forgiven amount
2020-04-10
Date approved
Borrower and loan details
Borrower
MAGNETEC INSPECTION INC.
Loan number
1602827104
Business type
Subchapter S Corporation
Business age
Existing or more than 2 years old
Borrower city
Bradley
Borrower state
Illinois
Borrower ZIP
60915
Jobs reported
24
Loan status
Exemption 4
Forgiveness date
N/A
Servicing lender
Peoples Bank of Kankakee County
Originating lender
Peoples Bank of Kankakee County
Reported use of proceeds
Payroll
$301,250
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.