MAGNETIC TECHNOLOGIES, LTD.

Summary of PPP (Paycheck Protection Program) Loan approved to MAGNETIC TECHNOLOGIES, LTD. by Webster Five Cents Savings Bank. The loan was approved on 4/08/2020 in the range of $350,000-1 million.

Business Information

Name:	MAGNETIC TECHNOLOGIES, LTD. 43 TOWN FOREST RD OXFORD, MA 01540
Business type:	Subchapter S Corporation Machinery Manufacturing → Mechanical Power Transmission Equipment Manufacturing
Non-profit:	No
Loan amount:	$350,000-1 million (50 Jobs retained)
Date approved:	April 08, 2020
Lender	Webster Five Cents Savings Bank

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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.