PPP Loan information for Mag wealth management, llc

$150,800

Mag wealth management, llc was initially approved for PPP Loan of amount $120,400, the current approved amount is $150,800. The loan was approved on 04/05/2020 by The Magnifi Financial CU reported 10 jobs and $150,800 was used to fund payroll.

Mag wealth management, llc is Change of Ownership

PPP Loan Search / MN / PAYNESVILLE / Mag wealth management, llc

MAG WEALTH MANAGEMENT, LLC

Date Approved

04/05/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MAG WEALTH MANAGEMENT, LLC

Borrower Address

203 WASHBURNE AVE Suite 200

Borrower City

PAYNESVILLE

Borrower State

MN

Borrower Zip

56362-1604

Loan Status Date

02/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

120400.00

Current Approval Amount

150800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

99711

Servicing Lender Name

Magnifi Financial CU

Servicing Lender Address

20 4th Ave E

Servicing Lender City

MELROSE

Servicing Lender State

MN

Servicing Lender Zip

56352-1356

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Change of Ownership

Project City

PAYNESVILLE

Project County Name

STEARNS

Project State

MN

Project Zip

56362-1604

CD

MN-07

Jobs Reported

10

NAICS Code

523930

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

2400.00

Payroll Proceed

138400.00

Mortgage Interest Proceed

0.00

Rent Proceed

10000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

99711

Originating Lender

Magnifi Financial CU

Originating Lender City

MELROSE

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

151956.82

Forgiveness Date

01/19/2021

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