PPP Loan information for Magnetech corporation

$45,012

Magnetech corporation was initially approved for PPP Loan of amount $45,012, the current approved amount is $45,012. The loan was approved on 01/30/2021 by The JPMorgan Chase Bank, National Association reported 3 jobs and $45,012 was used to fund payroll.

Magnetech corporation is Existing or more than 2 years old

PPP Loan Search / MI / Novi / Magnetech corporation

MAGNETECH CORPORATION

Date Approved

01/30/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

MAGNETECH CORPORATION

Borrower Address

22809 Heslip Dr

Borrower City

Novi

Borrower State

MI

Borrower Zip

48375-4146

Loan Status Date

11/19/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

45012.00

Current Approval Amount

45012.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Novi

Project County Name

OAKLAND

Project State

MI

Project Zip

48375-4146

CD

MI-06

Jobs Reported

3

NAICS Code

423990

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

45007.00

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

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

45333.04

Forgiveness Date

10/25/2021

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