MAGNECO/METREL, INC.

Summary of PPP (Paycheck Protection Program) Loan approved to MAGNECO/METREL, INC. by The Northern Trust Company. The loan was approved on 4/29/2020 in the range of $2-5 million.

Business Information

Name:

MAGNECO/METREL, INC.

233 W. INTERSTATE ROAD
ADDISON, IL 60101
Business type: Corporation
Fabricated Metal Product Manufacturing
→ Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers
Non-profit: No
Loan amount: $2-5 million
(50 Jobs retained)
Date approved: April 29, 2020
Lender The Northern Trust Company

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.