PPP Loan information for Magical beginnings inc

$123,445

Magical beginnings inc was initially approved for PPP Loan of amount $123,445, the current approved amount is $123,445. The loan was approved on 01/22/2021 by The North Shore Bank, a Co-operative Bank reported 23 jobs and $123,445 was used to fund payroll.

Magical beginnings inc is Existing or more than 2 years old

PPP Loan Search / MA / Peabody / Magical beginnings inc

MAGICAL BEGINNINGS INC

Date Approved

01/22/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

MAGICAL BEGINNINGS INC

Borrower Address

185 Lynn St

Borrower City

Peabody

Borrower State

MA

Borrower Zip

01960-6435

Loan Status Date

03/12/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

123445.00

Current Approval Amount

123445.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

89255

Servicing Lender Name

North Shore Bank, a Co-operative Bank

Servicing Lender Address

248 Andover St, Route 114

Servicing Lender City

Peabody

Servicing Lender State

MA

Servicing Lender Zip

01960-1502

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Peabody

Project County Name

ESSEX

Project State

MA

Project Zip

01960-6435

CD

MA-06

Jobs Reported

23

NAICS Code

624410

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

123443.00

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

Corporation

Originating Lender Location Id

89255

Originating Lender

North Shore Bank, a Co-operative Bank

Originating Lender City

Peabody

Originating Lender State

MA

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

124689.74

Forgiveness Date

02/03/2022

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