As part of the Paycheck Protection Program MAGNA ASSOCIATES INC was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

MAGNA ASSOCIATES INC


Loan Amount	$2,626,452
BusinessName	MAGNA ASSOCIATES INC
Address	1 Town Center Road
City	BOCA RATON
State	FL
Zip	33486
NAICSCode	541990
BusinessType	Subchapter S Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	121
DateApproved	04/29/2020
Lender	Bank of America, National Association
CD	FL-22
BusinessName.clean	MAGNA ASSOCIATES

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

Other Organizations with PPP Loans

MAGNA FLOW INTERNATIONAL
MAGNA HOSPITALITY GROUP LC
MAGNA MACHINE CO
MAGNAPOWER ELECTRONICS
ANDREW SHANT