PPP Loan information for Magnet maintenance electrical, llc

$73,700

Magnet maintenance electrical, llc was initially approved for PPP Loan of amount $73,700, the current approved amount is $73,700. The loan was approved on 05/05/2020 by The Busey Bank reported 15 jobs and $73,700 was used to fund payroll.

Magnet maintenance electrical, llc is Unanswered

PPP Loan Search / IL / CHAMPAIGN / Magnet maintenance electrical, llc

MAGNET MAINTENANCE ELECTRICAL, LLC

Date Approved

05/05/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

MAGNET MAINTENANCE ELECTRICAL, LLC

Borrower Address

1012 Hollycrest Dr

Borrower City

CHAMPAIGN

Borrower State

IL

Borrower Zip

61821

Loan Status Date

08/06/2021

Loan Status

Charged Off

Term

9

SBA Guaranty Percentage

100

Initial Approval Amount

73700.00

Current Approval Amount

73700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

22749

Servicing Lender Name

Busey Bank

Servicing Lender Address

100 W University Ave

Servicing Lender City

CHAMPAIGN

Servicing Lender State

IL

Servicing Lender Zip

61820-3910

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Unanswered

Project City

CHAMPAIGN

Project County Name

CHAMPAIGN

Project State

IL

Project Zip

61821-0900

CD

IL-13

Jobs Reported

15

NAICS Code

238210

Race

Black or African American

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

55275.00

Mortgage Interest Proceed

0.00

Rent Proceed

18425.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

22749

Originating Lender

Busey Bank

Originating Lender City

CHAMPAIGN

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

33083.35

Forgiveness Date

02/25/2021

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