PPP Loan information for Magellan construction, llc

$282,991

Magellan construction, llc was initially approved for PPP Loan of amount $314,900, the current approved amount is $282,991. The loan was approved on 04/06/2020 by The Gulf Coast Bank reported 20 jobs and $282,991 was used to fund payroll.

Magellan construction, llc is Existing or more than 2 years old

PPP Loan Search / LA / LAFAYETTE / Magellan construction, llc

MAGELLAN CONSTRUCTION, LLC

Date Approved

04/06/2020

SBA Office Code

0679

Processing Method

PPP

Borrower Name

MAGELLAN CONSTRUCTION, LLC

Borrower Address

101 RUE IBERVILLE, SUITE 201

Borrower City

LAFAYETTE

Borrower State

LA

Borrower Zip

70508-3282

Loan Status Date

12/19/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

314900.00

Current Approval Amount

282991.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

28002

Servicing Lender Name

Gulf Coast Bank

Servicing Lender Address

221 S State St

Servicing Lender City

ABBEVILLE

Servicing Lender State

LA

Servicing Lender Zip

70510-5917

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LAFAYETTE

Project County Name

LAFAYETTE

Project State

LA

Project Zip

70508-3282

CD

LA-03

Jobs Reported

20

NAICS Code

236117

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

282991.00

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

28002

Originating Lender

Gulf Coast Bank

Originating Lender City

ABBEVILLE

Originating Lender State

LA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

274539.20

Forgiveness Date

11/12/2020

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