PPP Loan information for Magic metals inc

$1,571,565

Magic metals inc was initially approved for PPP Loan of amount $1,571,565, the current approved amount is $1,571,565. The loan was approved on 02/27/2021 by The Umpqua Bank reported 152 jobs and $1,571,565 was used to fund payroll.

Magic metals inc is Existing or more than 2 years old

PPP Loan Search / WA / Union Gap / Magic metals inc

MAGIC METALS INC

Date Approved

02/27/2021

SBA Office Code

1094

Processing Method

PPS

Borrower Name

MAGIC METALS INC

Borrower Address

3401 Bay St

Borrower City

Union Gap

Borrower State

WA

Borrower Zip

98903-1886

Loan Status Date

02/15/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1571565.00

Current Approval Amount

1571565.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

59698

Servicing Lender Name

Umpqua Bank

Servicing Lender Address

445 SE Main St, First Fl

Servicing Lender City

ROSEBURG

Servicing Lender State

OR

Servicing Lender Zip

97470-4934

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Union Gap

Project County Name

YAKIMA

Project State

WA

Project Zip

98903-1886

CD

WA-04

Jobs Reported

152

NAICS Code

332322

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1571559.00

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

59698

Originating Lender

Umpqua Bank

Originating Lender City

ROSEBURG

Originating Lender State

OR

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1585472.27

Forgiveness Date

01/21/2022

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