As part of the Paycheck Protection Program MAGTEK, 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.

MAGTEK, INC


Loan Amount	$3,000,000
BusinessName	MAGTEK, INC
Address	1710 Apollo Court
City	Seal Beach
State	CA
Zip	90740
NAICSCode	334118
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	231
DateApproved	04/27/2020
Lender	Citibank, N.A.
CD	CA-48
BusinessName.clean	MAGTEK

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

MAGUIRE AUTOMOTIVE GROUP
MAGUIRE IRON
MAGUIRE TANK
MAH MACHINE COMPANY
MAHAJAN THERAPEUTICS