PPP Loan information for Mag ventures, llc

$1,074,515

Mag ventures, llc was initially approved for PPP Loan of amount $848,500, the current approved amount is $1,074,515. The loan was approved on 04/03/2020 by The Mechanics Cooperative Bank reported 78 jobs and $1,074,515 was used to fund payroll.

Mag ventures, llc is Existing or more than 2 years old

PPP Loan Search / RI / EAST PROVIDENCE / Mag ventures, llc

MAG VENTURES, LLC

Date Approved

04/03/2020

SBA Office Code

0165

Processing Method

PPP

Borrower Name

MAG VENTURES, LLC

Borrower Address

415 TAUNTON AVE

Borrower City

EAST PROVIDENCE

Borrower State

RI

Borrower Zip

02914-2633

Loan Status Date

07/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

848500.00

Current Approval Amount

1074515.00

Undisbursed Amount

0.00

Franchise Name

Toyota Motors Sales, U.S.A., Inc. - Dealer Agreement

Servicing Lender Location Id

89240

Servicing Lender Name

Mechanics Cooperative Bank

Servicing Lender Address

308 Bay St

Servicing Lender City

TAUNTON

Servicing Lender State

MA

Servicing Lender Zip

02780-1834

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

EAST PROVIDENCE

Project County Name

PROVIDENCE

Project State

RI

Project Zip

02914-2633

CD

RI-01

Jobs Reported

78

NAICS Code

441110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

30000.00

Payroll Proceed

944515.00

Mortgage Interest Proceed

0.00

Rent Proceed

100000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

89240

Originating Lender

Mechanics Cooperative Bank

Originating Lender City

TAUNTON

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1087588.27

Forgiveness Date

06/28/2021

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