MAGNA-POWER ELECTRONICS, INC.

Summary of PPP (Paycheck Protection Program) Loan approved to MAGNA-POWER ELECTRONICS, INC. by Fulton Bank, National Association. The loan was approved on 4/15/2020 in the range of $1-2 million.

Business Information

Name:

MAGNA-POWER ELECTRONICS, INC.

39 ROYAL RD
FLEMINGTON, NJ 08822
Business type: Corporation
Electronics and Appliance Stores
→ Electronics Stores
Non-profit: No
Loan amount: $1-2 million
(50 Jobs retained)
Date approved: April 15, 2020
Lender Fulton Bank, National Association

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.