As part of the Paycheck Protection Program MAGNETIC COLLABORATIVE LLC 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.

MAGNETIC COLLABORATIVE LLC


Loan Amount	$2,297,100
BusinessName	MAGNETIC COLLABORATIVE LLC
Address	159 W 25th St
City	New York
State	NY
Zip	10001
NAICSCode	541611
BusinessType	Limited Liability Company(LLC)
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Non-Veteran
NonProfit
JobsReported	57
DateApproved	04/16/2020
Lender	First Republic Bank
CD	NY-12
BusinessName.clean	MAGNETIC COLLABORATIVE

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

MAGNETIC INSPECTION LABORATORY
MAGNETIC SEAL CORP
MAGNETIC TICKET LABEL CORP
MAGNETIKA
MAGNETROL INTERNATIONAL HOLDING CO