POWER MAGNE-TECH CORP.

Summary of PPP (Paycheck Protection Program) Loan approved to POWER MAGNE-TECH CORP. by Bank of America, National Association. The loan was approved on 5/06/2020 in the range of $150,000-350,000.

Business Information

Name:

POWER MAGNE-TECH CORP.

653 SAYRE AVE
PERTH AMBOY, NJ 08861
Business type: Corporation
Electrical Equipment, Appliance, and Component Manufacturing
→ Power, Distribution, and Specialty Transformer Manufacturing
Non-profit: No
Loan amount: $150,000-350,000
(50 Jobs retained)
Date approved: May 06, 2020
Lender Bank of America, 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.