As part of the Paycheck Protection Program MAGNETROL INTERNATIONAL HOLDING CO 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.

MAGNETROL INTERNATIONAL HOLDING CO


Loan Amount	$6,854,700
BusinessName	MAGNETROL INTERNATIONAL HOLDING CO
Address	705 ENTERPRISE ST
City	AURORA
State	IL
Zip	60504
NAICSCode	334513
BusinessType	Subchapter S Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	459
DateApproved	04/14/2020
Lender	PNC Bank, National Association
CD	IL-11
BusinessName.clean	MAGNETROL INTERNATIONAL HOLDING CO

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

MAGNEY CONSTRUCTION
MAGNI INDUSTRIES
MAGNIPOWER COMPANY
MAGNIFICAT HIGH SCHOOL
MAGNIFICO