PPP Loan information for Mag retail holdings - bms llc

$1,132,400

Mag retail holdings - bms llc was initially approved for PPP Loan of amount $1,062,500, the current approved amount is $1,132,400. The loan was approved on 04/14/2020 by The Truist Bank reported 93 jobs and $1,132,400 was used to fund payroll.

Mag retail holdings - bms llc is Existing or more than 2 years old

PPP Loan Search / MA / NEWTONVILLE / Mag retail holdings - bms llc

MAG RETAIL HOLDINGS - BMS LLC

Date Approved

04/14/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

MAG RETAIL HOLDINGS - BMS LLC

Borrower Address

777 Washington St

Borrower City

NEWTONVILLE

Borrower State

MA

Borrower Zip

02460

Loan Status Date

09/28/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1062500.00

Current Approval Amount

1132400.00

Undisbursed Amount

0.00

Franchise Name

BMW of North America, LLC - Center Agreement

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NEWTONVILLE

Project County Name

MIDDLESEX

Project State

MA

Project Zip

02460-0001

CD

MA-04

Jobs Reported

93

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1132400.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1147498.67

Forgiveness Date

08/16/2021

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