PPP Loan information for Magic city cakes, inc

$162,900

Magic city cakes, inc was initially approved for PPP Loan of amount $162,900, the current approved amount is $162,900. The loan was approved on 04/03/2020 by The First Western Bank & Trust reported 43 jobs and $162,900 was used to fund payroll.

Magic city cakes, inc is Existing or more than 2 years old

PPP Loan Search / ND / MINOT / Magic city cakes, inc

MAGIC CITY CAKES, INC

Date Approved

04/03/2020

SBA Office Code

0875

Processing Method

PPP

Borrower Name

MAGIC CITY CAKES, INC

Borrower Address

405 20th Ave SW

Borrower City

MINOT

Borrower State

ND

Borrower Zip

58701-6434

Loan Status Date

02/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

162900.00

Current Approval Amount

162900.00

Undisbursed Amount

0.00

Franchise Name

Perkins Restaurant & Bakery

Servicing Lender Location Id

52905

Servicing Lender Name

First Western Bank & Trust

Servicing Lender Address

900 S Broadway

Servicing Lender City

MINOT

Servicing Lender State

ND

Servicing Lender Zip

58701-4658

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MINOT

Project County Name

WARD

Project State

ND

Project Zip

58701-6434

CD

ND-

Jobs Reported

43

NAICS Code

722511

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

162900.00

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

Corporation

Originating Lender Location Id

52905

Originating Lender

First Western Bank & Trust

Originating Lender City

MINOT

Originating Lender State

ND

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

153932.08

Forgiveness Date

12/09/2020

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