PPP Loan information for Magnet america international inc

$154,123

Magnet america international inc was initially approved for PPP Loan of amount $154,123, the current approved amount is $154,123. The loan was approved on 02/26/2021 by The Truist Bank reported 17 jobs and $154,123 was used to fund payroll.

Magnet america international inc is Existing or more than 2 years old

PPP Loan Search / NC / King / Magnet america international inc

MAGNET AMERICA INTERNATIONAL INC

Date Approved

02/26/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

MAGNET AMERICA INTERNATIONAL INC

Borrower Address

512 Newsome Rd

Borrower City

King

Borrower State

NC

Borrower Zip

27021-8510

Loan Status Date

08/20/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

154123.20

Current Approval Amount

154123.20

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

King

Project County Name

STOKES

Project State

NC

Project Zip

27021-8510

CD

NC-05

Jobs Reported

17

NAICS Code

325910

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

154121.20

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

154632.66

Forgiveness Date

06/29/2021

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