As part of the Paycheck Protection Program MAGNA-POWER ELECTRONICS, 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-POWER ELECTRONICS, INC

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

ANDREW SHANT
MAGNATRANS
MAGNECOMETREL
MAGNESIUM ALLOY PRODUCTS COMPANY
MAGNESS OIL COMPANY