As part of the Paycheck Protection Program MAGNETIC INSPECTION LABORATORY, 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.

MAGNETIC INSPECTION LABORATORY, INC


Loan Amount	$1,761,100
BusinessName	MAGNETIC INSPECTION LABORATORY, INC
Address	1401 GREENLEAF AVE
City	ELK GROVE VILLAGE
State	IL
Zip	60007
NAICSCode	541380
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	141
DateApproved	04/05/2020
Lender	Barrington Bank & Trust Company, National Association
CD	IL-08
BusinessName.clean	MAGNETIC INSPECTION LABORATORY

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 SEAL CORP
MAGNETIC TICKET LABEL CORP
MAGNETIKA
MAGNETROL INTERNATIONAL HOLDING CO
MAGNEY CONSTRUCTION