PPP Loan information for Magic corporation

$100,700

Magic corporation was initially approved for PPP Loan of amount $100,700, the current approved amount is $100,700. The loan was approved on 04/10/2020 by The TruBank reported 11 jobs and $100,700 was used to fund payroll.

Magic corporation is Existing or more than 2 years old

PPP Loan Search / IA / NEWTON / Magic corporation

MAGIC CORPORATION

Date Approved

04/10/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

MAGIC CORPORATION

Borrower Address

1301 E 36TH ST S

Borrower City

NEWTON

Borrower State

IA

Borrower Zip

50208-8191

Loan Status Date

02/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

100700.00

Current Approval Amount

100700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25206

Servicing Lender Name

TruBank

Servicing Lender Address

1401 N Jefferson

Servicing Lender City

INDIANOLA

Servicing Lender State

IA

Servicing Lender Zip

50125-1463

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NEWTON

Project County Name

JASPER

Project State

IA

Project Zip

50208-8191

CD

IA-01

Jobs Reported

11

NAICS Code

811112

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

10066.00

Payroll Proceed

80568.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

10066

Business Type

Corporation

Originating Lender Location Id

25206

Originating Lender

TruBank

Originating Lender City

INDIANOLA

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

101449.66

Forgiveness Date

01/07/2021

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