PPP Loan information for Magic city motorcyles inc

$313,485

Magic city motorcyles inc was initially approved for PPP Loan of amount $313,485, the current approved amount is $313,485. The loan was approved on 01/20/2021 by The First Western Bank & Trust reported 25 jobs and $313,485 was used to fund payroll.

Magic city motorcyles inc is Existing or more than 2 years old

PPP Loan Search / ND / Minot / Magic city motorcyles inc

MAGIC CITY MOTORCYLES INC

Date Approved

01/20/2021

SBA Office Code

0875

Processing Method

PPS

Borrower Name

MAGIC CITY MOTORCYLES INC

Borrower Address

6701 Highway 83 S

Borrower City

Minot

Borrower State

ND

Borrower Zip

58701-7636

Loan Status Date

08/11/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

313485.00

Current Approval Amount

313485.00

Undisbursed Amount

0.00

Franchise Name

Harley Davidson - Motor Cycle Dealer Contract

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

58701-7636

CD

ND-

Jobs Reported

25

NAICS Code

441228

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

313483.00

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

52905

Originating Lender

First Western Bank & Trust

Originating Lender City

MINOT

Originating Lender State

ND

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

315078.55

Forgiveness Date

07/28/2021

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