PPP Loan information for Magallan inc

$172,831

Magallan inc was initially approved for PPP Loan of amount $172,831, the current approved amount is $172,831. The loan was approved on 02/07/2021 by The BayCoast Bank reported 23 jobs and $172,831 was used to fund payroll.

Magallan inc is Existing or more than 2 years old

PPP Loan Search / RI / East Providence / Magallan inc

MAGALLAN INC

Date Approved

02/07/2021

SBA Office Code

0165

Processing Method

PPS

Borrower Name

MAGALLAN INC

Borrower Address

736 N Broadway

Borrower City

East Providence

Borrower State

RI

Borrower Zip

02914-3534

Loan Status Date

01/21/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

172831.00

Current Approval Amount

172831.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32784

Servicing Lender Name

BayCoast Bank

Servicing Lender Address

330 Swansea Mall Dr

Servicing Lender City

SWANSEA

Servicing Lender State

MA

Servicing Lender Zip

02777-4112

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

02914-3534

CD

RI-01

Jobs Reported

23

NAICS Code

722511

Race

Unanswered

Ethnicity

Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

172829.00

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

32784

Originating Lender

BayCoast Bank

Originating Lender City

SWANSEA

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

174271.26

Forgiveness Date

12/14/2021

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