MIDWEST MAGNETIC COMPONENTS, INC.

Summary of PPP (Paycheck Protection Program) Loan approved to MIDWEST MAGNETIC COMPONENTS, INC. by Premier Bank. The loan was approved on 4/10/2020 in the range of $350,000-1 million.

Business Information

Name:

MIDWEST MAGNETIC COMPONENTS, INC.

109 IOWA ST
ALCESTER, SD 57001
Business type: Subchapter S Corporation
Computer and Electronic Product Manufacturing
→ Capacitor, Resistor, Coil, Transformer, and Other Inductor Manufacturing
Non-profit: No
Loan amount: $350,000-1 million
(50 Jobs retained)
Date approved: April 10, 2020
Lender Premier 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.