MAGNETIC SEAL CORP

Summary of PPP (Paycheck Protection Program) Loan approved to MAGNETIC SEAL CORP by BankNewport. The loan was approved on 4/03/2020 in the range of $1-2 million.

Business Information

Name:

MAGNETIC SEAL CORP

365 MARKET ST
WARREN, RI 02885
Business type: Corporation
Machinery Manufacturing
→ All Other Miscellaneous General Purpose Machinery Manufacturing
Non-profit: No
Loan amount: $1-2 million
(50 Jobs retained)
Date approved: April 03, 2020
Lender BankNewport

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.