PPP borrower record
MAGNETIC INSPECTION LABORATORY, INC PPP loan record
Public SBA PPP loan record for MAGNETIC INSPECTION LABORATORY, INC. Review approval amount, forgiveness amount, lender fields, borrower location, and source limitations.
$1,761,100
Approved amount
$1,770,933
Forgiven amount
2020-04-05
Date approved
Borrower and loan details
Borrower
MAGNETIC INSPECTION LABORATORY, INC
Loan number
5125407003
Business type
Corporation
Business age
Existing or more than 2 years old
Borrower city
Elk Grove Village
Borrower state
Illinois
Borrower ZIP
60007
Jobs reported
141
Loan status
Paid in Full
Forgiveness date
2020-11-03
Servicing lender
Barrington Bank & Trust Company, National Association
Originating lender
Barrington Bank & Trust Company, National Association
Reported use of proceeds
Payroll
$1,408,948
Rent
$176,076
Utilities
$176,076
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.