As part of the Paycheck Protection Program MAGNESS OIL COMPANY 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.

MAGNESS OIL COMPANY


Loan Amount	$1,262,700
BusinessName	MAGNESS OIL COMPANY
Address	167 TUCKER CEMETERY RD
City	GASSVILLE
State	AR
Zip	72635
NAICSCode	447110
BusinessType	Corporation
RaceEthnicity	White
Gender	Female Owned
Veteran	Non-Veteran
NonProfit
JobsReported	125
DateApproved	04/04/2020
Lender	FNBC Bank
CD	AR-01
BusinessName.clean	MAGNESS OIL 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

MAGNETSCHULTZ OF AMERICA
MAGNET
MAGNETIC ANALYSIS
MAGNETIC COLLABORATIVE
MAGNETIC INSPECTION LABORATORY