POWER MAGNETICS, INC

Summary of PPP (Paycheck Protection Program) Loan approved to POWER MAGNETICS, INC by Magyar Bank. The loan was approved on 4/04/2020 in the range of $150,000-350,000.

Business Information

Name:

POWER MAGNETICS, INC

377 RESERVOIR ST
TRENTON, NJ 08618
Business type: Corporation
Machinery Manufacturing
→ Turbine and Turbine Generator Set Units Manufacturing
Non-profit: No
Loan amount: $150,000-350,000
(50 Jobs retained)
Date approved: April 04, 2020
Lender Magyar 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.