PPP Loan information for Magnetic applications inc

$200,500

Magnetic applications inc was initially approved for PPP Loan of amount $200,500, the current approved amount is $200,500. The loan was approved on 04/06/2020 by The UMB Bank, National Association reported 19 jobs and $200,500 was used to fund payroll.

Magnetic applications inc is Existing or more than 2 years old

PPP Loan Search / PA / DU BOIS / Magnetic applications inc

MAGNETIC APPLICATIONS INC

Date Approved

04/06/2020

SBA Office Code

0358

Processing Method

PPP

Borrower Name

MAGNETIC APPLICATIONS INC

Borrower Address

12 INDUSTRIAL DR

Borrower City

DU BOIS

Borrower State

PA

Borrower Zip

15801-3842

Loan Status Date

02/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

200500.00

Current Approval Amount

200500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

40891

Servicing Lender Name

UMB Bank, National Association

Servicing Lender Address

1010 Grand Blvd

Servicing Lender City

KANSAS CITY

Servicing Lender State

MO

Servicing Lender Zip

64106-2225

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DU BOIS

Project County Name

CLEARFIELD

Project State

PA

Project Zip

15801-3842

CD

PA-15

Jobs Reported

19

NAICS Code

423840

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

200500.00

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

40891

Originating Lender

UMB Bank, National Association

Originating Lender City

KANSAS CITY

Originating Lender State

MO

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

202081.72

Forgiveness Date

01/25/2021

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