PPP Loan information for Magela inc.

$222,600

Magela inc. was initially approved for PPP Loan of amount $222,600, the current approved amount is $222,600. The loan was approved on 02/02/2021 by The Citizens Bank reported 29 jobs and $222,600 was used to fund payroll.

Magela inc. is Existing or more than 2 years old

PPP Loan Search / OR / Corvallis / Magela inc.

MAGELA INC.

Date Approved

02/02/2021

SBA Office Code

1086

Processing Method

PPS

Borrower Name

MAGELA INC.

Borrower Address

214 SW 2nd St

Borrower City

Corvallis

Borrower State

OR

Borrower Zip

97333-4634

Loan Status Date

09/22/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

222600.00

Current Approval Amount

222600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

59564

Servicing Lender Name

Citizens Bank

Servicing Lender Address

275 SW 3rd St

Servicing Lender City

Corvallis

Servicing Lender State

OR

Servicing Lender Zip

97339

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Corvallis

Project County Name

BENTON

Project State

OR

Project Zip

97333-4634

CD

OR-04

Jobs Reported

29

NAICS Code

722511

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

222598.00

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

59564

Originating Lender

Citizens Bank

Originating Lender City

Corvallis

Originating Lender State

OR

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

223795.33

Forgiveness Date

08/25/2021

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