PPP Loan information for Magna industries inc

$227,864

Magna industries inc was initially approved for PPP Loan of amount $227,864, the current approved amount is $227,864. The loan was approved on 01/25/2021 by The Cross River Bank reported 22 jobs and $227,864 was used to fund payroll.

Magna industries inc is Existing or more than 2 years old

PPP Loan Search / NJ / Lakewood / Magna industries inc

MAGNA INDUSTRIES INC

Date Approved

01/25/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

MAGNA INDUSTRIES INC

Borrower Address

1825 Swarthmore Ave Ste E

Borrower City

Lakewood

Borrower State

NJ

Borrower Zip

08701-4570

Loan Status Date

02/20/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

227864.00

Current Approval Amount

227864.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

456756

Servicing Lender Name

Cross River Bank

Servicing Lender Address

885 Teaneck Rd

Servicing Lender City

TEANECK

Servicing Lender State

NJ

Servicing Lender Zip

07666-4546

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Lakewood

Project County Name

OCEAN

Project State

NJ

Project Zip

08701-4570

CD

NJ-04

Jobs Reported

22

NAICS Code

332999

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

227862.00

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

Partnership

Originating Lender Location Id

456756

Originating Lender

Cross River Bank

Originating Lender City

TEANECK

Originating Lender State

NJ

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

230785.65

Forgiveness Date

05/24/2022

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