PPP Loan information for Magical beginnings river academy inc

$191,140

Magical beginnings river academy inc was initially approved for PPP Loan of amount $191,140, the current approved amount is $191,140. The loan was approved on 01/22/2021 by The North Shore Bank, a Co-operative Bank reported 32 jobs and $191,140 was used to fund payroll.

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

PPP Loan Search / MA / Middleton / Magical beginnings river academy inc

MAGICAL BEGINNINGS RIVER ACADEMY INC

Date Approved

01/22/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

MAGICAL BEGINNINGS RIVER ACADEMY INC

Borrower Address

16 River St

Borrower City

Middleton

Borrower State

MA

Borrower Zip

01949-2416

Loan Status Date

03/12/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

191140.00

Current Approval Amount

191140.00

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

32

NAICS Code

624410

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

191138.00

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

193221.30

Forgiveness Date

02/25/2022

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