PPP borrower record
POWER MAGNETICS, INC PPP loan record
Public SBA PPP loan record for POWER MAGNETICS, INC. Review approval amount, forgiveness amount, lender fields, borrower location, and source limitations.
$276,500
Approved amount
$278,758
Forgiven amount
2020-04-04
Date approved
Borrower and loan details
Borrower
POWER MAGNETICS, INC
Loan number
4693887000
Business type
Corporation
Business age
Existing or more than 2 years old
Borrower city
Trenton
Borrower state
New Jersey
Borrower ZIP
08618
Jobs reported
25
Loan status
Paid in Full
Forgiveness date
2021-02-10
Servicing lender
Magyar Bank
Originating lender
Magyar Bank
Reported use of proceeds
Payroll
$93,167
Rent
$93,166
Utilities
$90,167
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.