PPP Loan information for Mag insulation inc

$85,750

Mag insulation inc was initially approved for PPP Loan of amount $85,750, the current approved amount is $85,750. The loan was approved on 04/06/2020 by The Isabella Bank reported 6 jobs and $85,750 was used to fund payroll.

Mag insulation inc is Existing or more than 2 years old

PPP Loan Search / MI / AUBURN / Mag insulation inc

MAG INSULATION INC

Date Approved

04/06/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MAG INSULATION INC

Borrower Address

4527 S. GARFIELD RD

Borrower City

AUBURN

Borrower State

MI

Borrower Zip

48611-8502

Loan Status Date

02/19/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

85750.00

Current Approval Amount

85750.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36147

Servicing Lender Name

Isabella Bank

Servicing Lender Address

139 E Broadway

Servicing Lender City

MOUNT PLEASANT

Servicing Lender State

MI

Servicing Lender Zip

48858-2312

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

AUBURN

Project County Name

BAY

Project State

MI

Project Zip

48611-8502

CD

MI-08

Jobs Reported

6

NAICS Code

238310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

2300.00

Payroll Proceed

54450.00

Mortgage Interest Proceed

0.00

Rent Proceed

8500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

20500.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

36147

Originating Lender

Isabella Bank

Originating Lender City

MOUNT PLEASANT

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

86377.27

Forgiveness Date

01/07/2021

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