PPP Loan information for Magic touch corporation

$260,700

Magic touch corporation was initially approved for PPP Loan of amount $260,700, the current approved amount is $260,700. The loan was approved on 04/13/2020 by The First National Bank reported 54 jobs and $260,700 was used to fund payroll.

Magic touch corporation is Existing or more than 2 years old

PPP Loan Search / AR / Jonesboro / Magic touch corporation

MAGIC TOUCH CORPORATION

Date Approved

04/13/2020

SBA Office Code

0669

Processing Method

PPP

Borrower Name

MAGIC TOUCH CORPORATION

Borrower Address

PO Box 2516

Borrower City

Jonesboro

Borrower State

AR

Borrower Zip

72402

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

260700.00

Current Approval Amount

260700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

4641

Servicing Lender Name

First National Bank

Servicing Lender Address

200 W Court St

Servicing Lender City

Paragould

Servicing Lender State

AR

Servicing Lender Zip

72450

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Jonesboro

Project County Name

CRAIGHEAD

Project State

AR

Project Zip

72402-0001

CD

AR-01

Jobs Reported

54

NAICS Code

812320

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

15642.00

Payroll Proceed

208560.00

Mortgage Interest Proceed

0.00

Rent Proceed

36498.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

4641

Originating Lender

First National Bank

Originating Lender City

Paragould

Originating Lender State

AR

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

262321.34

Forgiveness Date

12/07/2020

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