As part of the Paycheck Protection Program MAGNUM INSURANCE AGENCY CO., 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 INSURANCE AGENCY CO., INC


Loan Amount	$2,092,000
BusinessName	MAGNUM INSURANCE AGENCY CO., INC
Address	2250 E Devon, Suite 329
City	DES PLAINES
State	IL
Zip	60018
NAICSCode	524298
BusinessType	Subchapter S Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	236
DateApproved	04/09/2020
Lender	BMO Harris Bank National Association
CD	IL-05
BusinessName.clean	MAGNUM INSURANCE AGENCY CO

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 MAGNETICS
MAGNUM POWER
MAGNUM SERVICES
MAGNUM STEEL WORKS
MAGNUM SYSTEM