PPP Loan information for Magical beginnings learning center inc

Date Approved

01/22/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

MAGICAL BEGINNINGS LEARNING CENTER INC

Borrower Address

50A Audubon Rd

Borrower City

Wakefield

Borrower State

MA

Borrower Zip

01880-1203

Loan Status Date

03/12/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

242820.00

Current Approval Amount

242820.00

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

1.00

Payroll Proceed

242818.00

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

245295.41

Forgiveness Date

02/14/2022