PPP Loan information for Custom magnetics inc

$239,700

Custom magnetics inc was initially approved for PPP Loan of amount $239,700, the current approved amount is $239,700. The loan was approved on 03/26/2021 by The First Financial Bank reported 49 jobs and $239,700 was used to fund payroll.

Custom magnetics inc is Existing or more than 2 years old

PPP Loan Search / IN / North Manchester / Custom magnetics inc

CUSTOM MAGNETICS INC

Date Approved

03/26/2021

SBA Office Code

0562

Processing Method

PPS

Borrower Name

CUSTOM MAGNETICS INC

Borrower Address

801 W Main St

Borrower City

North Manchester

Borrower State

IN

Borrower Zip

46962-1452

Loan Status Date

01/07/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

239700.00

Current Approval Amount

239700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

57811

Servicing Lender Name

First Financial Bank

Servicing Lender Address

255 E Fifth St Ste 700

Servicing Lender City

CINCINNATI

Servicing Lender State

OH

Servicing Lender Zip

45202-4700

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

North Manchester

Project County Name

WABASH

Project State

IN

Project Zip

46962-1452

CD

IN-02

Jobs Reported

49

NAICS Code

334416

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

239696.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

57811

Originating Lender

First Financial Bank

Originating Lender City

CINCINNATI

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

241387.75

Forgiveness Date

12/14/2021

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