As part of the Paycheck Protection Program MAGNETIC SEAL CORP 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 SEAL CORP


Loan Amount	$1,252,200
BusinessName	MAGNETIC SEAL CORP
Address	365 MARKET ST
City	WARREN
State	RI
Zip	2885
NAICSCode	333999
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	90
DateApproved	04/03/2020
Lender	BankNewport
CD	RI-01
BusinessName.clean	MAGNETIC SEAL CORP

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 TICKET LABEL CORP
MAGNETIKA
MAGNETROL INTERNATIONAL HOLDING CO
MAGNEY CONSTRUCTION
MAGNI INDUSTRIES