As part of the Paycheck Protection Program MAGNIFICO 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.

MAGNIFICO INC


Loan Amount	$7,210,000
BusinessName	MAGNIFICO INC
Address	315 w 36TH ST
City	NEW YORK
State	NY
Zip	10018
NAICSCode	511210
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	441
DateApproved	05/18/2020
Lender	Fountainhead SBF LLC
CD	NY-10
BusinessName.clean	MAGNIFICO

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

MAGNIFICUS
MAGNITUDE 7 METALS
MAGNOLIA ADVANCED MATERIALS
MAGNOLIA BRUSH MANUFACTURERS LTD
MAGNOLIA COMMUNITY SERVICES