PPP Loan information for Magma products, llc

$576,300

Magma products, llc was initially approved for PPP Loan of amount $576,300, the current approved amount is $576,300. The loan was approved on 04/08/2020 by The Banc of California, National Association reported 60 jobs and $576,300 was used to fund payroll.

Magma products, llc is Existing or more than 2 years old

MAGMA PRODUCTS, LLC

Date Approved

04/08/2020

SBA Office Code

0914

Processing Method

PPP

Borrower Name

MAGMA PRODUCTS, LLC

Borrower Address

3940 Pixie Avenue

Borrower City

Lakewood

Borrower State

CA

Borrower Zip

90712-4136

Loan Status Date

02/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

576300.00

Current Approval Amount

576300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

92611

Servicing Lender Name

Banc of California, National Association

Servicing Lender Address

3 MacArthur Pl, Ste 100

Servicing Lender City

SANTA ANA

Servicing Lender State

CA

Servicing Lender Zip

92707-6068

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Lakewood

Project County Name

LOS ANGELES

Project State

CA

Project Zip

90712-4136

CD

CA-44

Jobs Reported

60

NAICS Code

335220

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

576300.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

92611

Originating Lender

Banc of California, National Association

Originating Lender City

SANTA ANA

Originating Lender State

CA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

579915.69

Forgiveness Date

12/02/2020

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