PPP Loan information for Magna associates inc.

$2,626,452

Magna associates inc. was initially approved for PPP Loan of amount $2,626,452, the current approved amount is $2,626,452. The loan was approved on 04/29/2020 by The Bank of America, National Association reported 121 jobs and $2,626,452 was used to fund payroll.

Magna associates inc. is Unanswered

PPP Loan Search / FL / BOCA RATON / Magna associates inc.

MAGNA ASSOCIATES INC.

Date Approved

04/29/2020

SBA Office Code

0455

Processing Method

PPP

Borrower Name

MAGNA ASSOCIATES INC.

Borrower Address

1 Town Center Road

Borrower City

BOCA RATON

Borrower State

FL

Borrower Zip

33486

Loan Status Date

07/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2626452.00

Current Approval Amount

2626452.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Unanswered

Project City

BOCA RATON

Project County Name

PALM BEACH

Project State

FL

Project Zip

33486-1000

CD

FL-23

Jobs Reported

121

NAICS Code

541990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2626452.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2656386.36

Forgiveness Date

06/22/2021

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