As part of the Paycheck Protection Program MAGNESIUM ALLOY PRODUCTS COMPANY 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.

MAGNESIUM ALLOY PRODUCTS COMPANY INC


Loan Amount	$873,327
BusinessName	MAGNESIUM ALLOY PRODUCTS COMPANY INC
Address	2420 N ALAMEDA ST
City	COMPTON
State	CA
Zip	90222
NAICSCode	331529
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	63
DateApproved	05/03/2020
Lender	Bank of America, National Association
CD	CA-44
BusinessName.clean	MAGNESIUM ALLOY PRODUCTS COMPANY

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

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MAGNETSCHULTZ OF AMERICA
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