PPP Loan information for Magnetic products and services inc

$69,037

Magnetic products and services inc was initially approved for PPP Loan of amount $69,037, the current approved amount is $69,037. The loan was approved on 04/26/2021 by The Wells Fargo Bank, National Association reported 4 jobs and $69,037 was used to fund payroll.

Magnetic products and services inc is Existing or more than 2 years old

PPP Loan Search / NJ / Holmdel / Magnetic products and services inc

MAGNETIC PRODUCTS AND SERVICES INC

Date Approved

04/26/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

MAGNETIC PRODUCTS AND SERVICES INC

Borrower Address

2135 State Route 35 Ste 1

Borrower City

Holmdel

Borrower State

NJ

Borrower Zip

07733-1077

Loan Status Date

01/12/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

69037.00

Current Approval Amount

69037.00

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

Holmdel

Project County Name

MONMOUTH

Project State

NJ

Project Zip

07733-1077

CD

NJ-03

Jobs Reported

4

NAICS Code

541330

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

69037.00

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

69453.11

Forgiveness Date

12/06/2021

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