As part of the Paycheck Protection Program MAGNECOMETREL, 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.

MAGNECOMETREL, INC


Loan Amount	$2,459,632
BusinessName	MAGNECOMETREL, INC
Address	233 W. Interstate Road
City	ADDISON
State	IL
Zip	60101
NAICSCode	332812
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Female Owned
Veteran	Unanswered
NonProfit
JobsReported	0
DateApproved	04/29/2020
Lender	The Northern Trust Company
CD	IL-08
BusinessName.clean	MAGNECOMETREL

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

MAGNESIUM ALLOY PRODUCTS COMPANY
MAGNESS OIL COMPANY
MAGNETSCHULTZ OF AMERICA
MAGNET
MAGNETIC ANALYSIS