As part of the Paycheck Protection Program MAGNEY CONSTRUCTION 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.

MAGNEY CONSTRUCTION INC


Loan Amount	$1,040,100
BusinessName	MAGNEY CONSTRUCTION INC
Address	1401 PARK RD
City	CHANHASSEN
State	MN
Zip	55317
NAICSCode	238990
BusinessType	Subchapter S Corporation
RaceEthnicity	Unanswered
Gender	Male Owned
Veteran	Non-Veteran
NonProfit
JobsReported	55
DateApproved	04/11/2020
Lender	Alerus Financial, National Association
CD	MN-03
BusinessName.clean	MAGNEY CONSTRUCTION

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

MAGNI INDUSTRIES
MAGNIPOWER COMPANY
MAGNIFICAT HIGH SCHOOL
MAGNIFICO
MAGNIFICUS