MAGTEC ALASKA LLC (AK) - 2020 PPP Loan Borrower Profile (# 4832597008)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to MAGTEC ALASKA LLC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Alaska.

Loan Detail

Loan Number

4832597008

SBA Office Code

1084

Processing Method

PPP

Curent Loan Amount

$1,146,500

Date Loan was Approved

Apr 4, 2020

Amount Forgiven

$1,155,232.25

Date Loan was Forgiven

Jan 20, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

917,267

Rent Proceed

229,233

Lender

Bank Forward

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

532490

Borrower Location

KENAI, AK

Project Location

KENAI, AK

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.