PPP Loan information for Magna lifting products inc

$125,000

Magna lifting products inc was initially approved for PPP Loan of amount $125,000, the current approved amount is $125,000. The loan was approved on 05/01/2020 by The Wells Fargo Bank, National Association reported 7 jobs and $125,000 was used to fund payroll.

Magna lifting products inc is Existing or more than 2 years old

PPP Loan Search / WA / BLAINE / Magna lifting products inc

MAGNA LIFTING PRODUCTS INC

Date Approved

05/01/2020

SBA Office Code

1013

Processing Method

PPP

Borrower Name

MAGNA LIFTING PRODUCTS INC

Borrower Address

1140 YEW AVE

Borrower City

BLAINE

Borrower State

WA

Borrower Zip

98230

Loan Status Date

04/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

125000.00

Current Approval Amount

125000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

12096

Servicing Lender Name

Wells Fargo Bank, National Association

Servicing Lender Address

101 N Philips Ave

Servicing Lender City

SIOUX FALLS

Servicing Lender State

SD

Servicing Lender Zip

57104-6738

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BLAINE

Project County Name

WHATCOM

Project State

WA

Project Zip

98230-3802

CD

WA-01

Jobs Reported

7

NAICS Code

423830

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

125000.00

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

12096

Originating Lender

Wells Fargo Bank, National Association

Originating Lender City

SIOUX FALLS

Originating Lender State

SD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

126102.74

Forgiveness Date

03/26/2021

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