As part of the Paycheck Protection Program MAGNA HOSPITALITY GROUP LC 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 HOSPITALITY GROUP LC


Loan Amount	$919,400
BusinessName	MAGNA HOSPITALITY GROUP LC
Address	300 Centerville Road
City	Warwick
State	RI
Zip	2886
NAICSCode	541611
BusinessType	Limited Liability Company(LLC)
RaceEthnicity	Unanswered
Gender	Male Owned
Veteran	Non-Veteran
NonProfit
JobsReported
DateApproved	04/15/2020
Lender	Citizens Bank, National Association
CD	RI-02
BusinessName.clean	MAGNA HOSPITALITY GROUP LC

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 MACHINE CO
MAGNAPOWER ELECTRONICS
ANDREW SHANT
MAGNATRANS
MAGNECOMETREL