PPP Loan information for Magical beginnings river academy

$154,700

Magical beginnings river academy was initially approved for PPP Loan of amount $154,700, the current approved amount is $154,700. The loan was approved on 04/06/2020 by The North Shore Bank, a Co-operative Bank reported 40 jobs and $154,700 was used to fund payroll.

Magical beginnings river academy is Existing or more than 2 years old

PPP Loan Search / MA / MIDDLETON / Magical beginnings river academy

MAGICAL BEGINNINGS RIVER ACADEMY

Date Approved

04/06/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

MAGICAL BEGINNINGS RIVER ACADEMY

Borrower Address

16 River Street

Borrower City

MIDDLETON

Borrower State

MA

Borrower Zip

01949-2416

Loan Status Date

06/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

154700.00

Current Approval Amount

154700.00

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

MIDDLETON

Project County Name

ESSEX

Project State

MA

Project Zip

01949-2416

CD

MA-06

Jobs Reported

40

NAICS Code

624410

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

154700.00

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

156414.59

Forgiveness Date

05/20/2021

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