PPP borrower record
MAGNETIC SEAL CORP PPP loan record
Public SBA PPP loan record for MAGNETIC SEAL CORP. Review approval amount, forgiveness amount, lender fields, borrower location, and source limitations.
$1,252,200
Approved amount
$1,263,281
Forgiven amount
2020-04-03
Date approved
Borrower and loan details
Borrower
MAGNETIC SEAL CORP
Loan number
4357807010
Business type
Corporation
Business age
Existing or more than 2 years old
Borrower city
Warren
Borrower state
Rhode Island
Borrower ZIP
02885
Jobs reported
90
Loan status
Exemption 4
Forgiveness date
2021-03-24
Servicing lender
BankNewport
Originating lender
BankNewport
Reported use of proceeds
Payroll
$1,252,200
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.