MAGNA MACHINE & TOOL CO., INC.

Summary of PPP (Paycheck Protection Program) Loan approved to MAGNA MACHINE & TOOL CO., INC. by STAR Financial Bank. The loan was approved on 4/09/2020 in the range of $350,000-1 million.

Business Information

Name:

MAGNA MACHINE & TOOL CO., INC.

3722 NORTH MESSICK RD
NEW CASTLE, IN 47362
Business type: Subchapter S Corporation
Machinery Manufacturing
→ Rolling Mill and Other Metalworking Machinery Manufacturing
Non-profit: No
Loan amount: $350,000-1 million
(50 Jobs retained)
Date approved: April 09, 2020
Lender STAR Financial Bank

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.