As part of the Paycheck Protection Program MAGNUM ELECTRIC 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.

MAGNUM ELECTRIC INC


Loan Amount	$2,065,700
BusinessName	MAGNUM ELECTRIC INC
Address	471 Christianson Dr
City	WEST FARGO
State	ND
Zip	58078
NAICSCode	238210
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Male Owned
Veteran	Unanswered
NonProfit
JobsReported	172
DateApproved	04/03/2020
Lender	First International Bank & Trust
CD	ND-
BusinessName.clean	MAGNUM ELECTRIC

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

MAGNUM FOODS
MAGNUM HOSPITALITY
MAGNUM INSURANCE AGENCY CO
MAGNUM MAGNETICS
MAGNUM POWER