MAGNATECH LLC

Summary of PPP (Paycheck Protection Program) Loan approved to MAGNATECH LLC by People's United Bank, National Association. The loan was approved on 4/05/2020 in the range of $350,000-1 million.

Business Information

Name:	MAGNATECH LLC 6 KRIPES RD EAST GRANBY, CT 06026
Business type:	Limited Liability Company(LLC) Machinery Manufacturing → Welding and Soldering Equipment Manufacturing
Non-profit:	No
Loan amount:	$350,000-1 million (50 Jobs retained)
Date approved:	April 05, 2020
Lender	People's United Bank, National Association

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Note: Only loans exceeding $150,000 are displayed here. Businesses receiving PPP loans less than $150,000 are excluded. Additionally, borrowers that received PPP loans but have since return it, are also excluded.

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $659 billion toward job retention and certain other expenses. Read more information about the Paycheck Protection Program or the CARES Act.