PPP Loan information for Magical beginnings learning center

$166,600

Magical beginnings learning center was initially approved for PPP Loan of amount $166,600, the current approved amount is $166,600. The loan was approved on 04/07/2020 by The North Shore Bank, a Co-operative Bank reported 40 jobs and $166,600 was used to fund payroll.

Magical beginnings learning center is Existing or more than 2 years old

PPP Loan Search / MA / WAKEFIELD / Magical beginnings learning center

MAGICAL BEGINNINGS LEARNING CENTER

Date Approved

04/07/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

MAGICAL BEGINNINGS LEARNING CENTER

Borrower Address

50 Audubon Road

Borrower City

WAKEFIELD

Borrower State

MA

Borrower Zip

01880-1203

Loan Status Date

06/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

166600.00

Current Approval Amount

166600.00

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

WAKEFIELD

Project County Name

MIDDLESEX

Project State

MA

Project Zip

01880-1203

CD

MA-06

Jobs Reported

40

NAICS Code

624410

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

166600.00

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

168446.48

Forgiveness Date

05/20/2021

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