PPP Loan information for Magline inc.

$1,365,520

Magline inc. was initially approved for PPP Loan of amount $1,413,300, the current approved amount is $1,365,520. The loan was approved on 04/10/2020 by The The Huntington National Bank reported 107 jobs and $1,365,520 was used to fund payroll.

Magline inc. is Existing or more than 2 years old

PPP Loan Search / MI / STANDISH / Magline inc.

MAGLINE INC.

Date Approved

04/10/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MAGLINE INC.

Borrower Address

1205 West Cedar Street

Borrower City

STANDISH

Borrower State

MI

Borrower Zip

48658-9535

Loan Status Date

09/28/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1413300.00

Current Approval Amount

1365520.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

57328

Servicing Lender Name

The Huntington National Bank

Servicing Lender Address

17 S High St.

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43215-3413

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

STANDISH

Project County Name

ARENAC

Project State

MI

Project Zip

48658-9535

CD

MI-05

Jobs Reported

107

NAICS Code

333924

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1365520.00

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

Subchapter S Corporation

Originating Lender Location Id

57328

Originating Lender

The Huntington National Bank

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1383440.11

Forgiveness Date

08/24/2021

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