PPP Loan information for Magic coil products, llc

$907,916

Magic coil products, llc was initially approved for PPP Loan of amount $907,916, the current approved amount is $907,916. The loan was approved on 04/06/2020 by The First Merchants Bank reported 59 jobs and $907,916 was used to fund payroll.

Magic coil products, llc is Existing or more than 2 years old

PPP Loan Search / IN / BUTLER / Magic coil products, llc

MAGIC COIL PRODUCTS, LLC

Date Approved

04/06/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

MAGIC COIL PRODUCTS, LLC

Borrower Address

4143 COUNTY ROAD 61

Borrower City

BUTLER

Borrower State

IN

Borrower Zip

46721-9562

Loan Status Date

05/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

907916.00

Current Approval Amount

907916.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24037

Servicing Lender Name

First Merchants Bank

Servicing Lender Address

200 E Jackson St

Servicing Lender City

MUNCIE

Servicing Lender State

IN

Servicing Lender Zip

47305-2835

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BUTLER

Project County Name

DE KALB

Project State

IN

Project Zip

46721-9562

CD

IN-03

Jobs Reported

59

NAICS Code

423510

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

907916.00

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

24037

Originating Lender

First Merchants Bank

Originating Lender City

MUNCIE

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

916622.04

Forgiveness Date

03/31/2021

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