WOOSTER, OH
As part of the Paycheck Protection Program MAGNI-POWER COMPANY 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.
| Loan Amount | $1,097,300 |
| BusinessName | MAGNI-POWER COMPANY |
| Address | 5511 E LINCOLN WAY |
| City | WOOSTER |
| State | OH |
| Zip | 44691 |
| NAICSCode | 332313 |
| BusinessType | Subchapter S Corporation |
| RaceEthnicity | Unanswered |
| Gender | Unanswered |
| Veteran | Unanswered |
| NonProfit | |
| JobsReported | 104 |
| DateApproved | 04/27/2020 |
| Lender | Wayne Savings Community Bank |
| CD | OH-16 |
| BusinessName.clean | MAGNIPOWER COMPANY |
The data come from a release of over 5 million records by the SBA in November, 2020.
Entities affected by Coronavirus (COVID-19) may have been eligible, including:
More info about the PPP is available from the Small Business Administration.
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