PPP Loan information for Magic corporation

$92,919

Magic corporation was initially approved for PPP Loan of amount $92,919, the current approved amount is $92,919. The loan was approved on 03/16/2021 by The TruBank reported 8 jobs and $92,919 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

03/16/2021

SBA Office Code

0761

Processing Method

PPS

Borrower Name

MAGIC CORPORATION

Borrower Address

1301 E 36th St S

Borrower City

Newton

Borrower State

IA

Borrower Zip

50208-8191

Loan Status Date

09/16/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

92919.40

Current Approval Amount

92919.40

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

Y

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

8

NAICS Code

811111

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

92917.40

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

25206

Originating Lender

TruBank

Originating Lender City

INDIANOLA

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

93327.21

Forgiveness Date

09/01/2021

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