As part of the Paycheck Protection Program MAGNIFICUS CORPORATION 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.

MAGNIFICUS CORPORATION


Loan Amount	$3,670,400
BusinessName	MAGNIFICUS CORPORATION
Address	9500 Annapolis Road
City	LANHAM
State	MD
Zip	20706
NAICSCode	621111
BusinessType	Subchapter S Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	296
DateApproved	04/30/2020
Lender	Truist Bank d/b/a Branch Banking & Trust Co
CD	MD-04
BusinessName.clean	MAGNIFICUS

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

MAGNITUDE 7 METALS
MAGNOLIA ADVANCED MATERIALS
MAGNOLIA BRUSH MANUFACTURERS LTD
MAGNOLIA COMMUNITY SERVICES
MAGNOLIA EDUCATIONAL RESEARCH FOUNDATION