As part of the Paycheck Protection Program MAGNI INDUSTRIES, 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.

MAGNI INDUSTRIES, INC


Loan Amount	$1,461,900
BusinessName	MAGNI INDUSTRIES, INC
Address	390 Park Street Suite 300
City	BIRMINGHAM
State	MI
Zip	48009
NAICSCode	325510
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	98
DateApproved	04/28/2020
Lender	Fifth Third Bank
CD	MI-11
BusinessName.clean	MAGNI INDUSTRIES

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

MAGNIPOWER COMPANY
MAGNIFICAT HIGH SCHOOL
MAGNIFICO
MAGNIFICUS
MAGNITUDE 7 METALS