PPP Loan information for Magnetic systems int inc

$97,422

Magnetic systems int inc was initially approved for PPP Loan of amount $97,422, the current approved amount is $97,422. The loan was approved on 02/04/2021 by The Citizens National Bank of Cheboygan reported 9 jobs and $97,422 was used to fund payroll.

Magnetic systems int inc is Existing or more than 2 years old

PPP Loan Search / MI / Boyne City / Magnetic systems int inc

MAGNETIC SYSTEMS INT INC

Date Approved

02/04/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

MAGNETIC SYSTEMS INT INC

Borrower Address

1095 Dam Rd

Borrower City

Boyne City

Borrower State

MI

Borrower Zip

49712-9613

Loan Status Date

01/07/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

97421.87

Current Approval Amount

97421.87

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33683

Servicing Lender Name

Citizens National Bank of Cheboygan

Servicing Lender Address

303 N Main St

Servicing Lender City

CHEBOYGAN

Servicing Lender State

MI

Servicing Lender Zip

49721-1544

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Boyne City

Project County Name

CHARLEVOIX

Project State

MI

Project Zip

49712-9613

CD

MI-01

Jobs Reported

9

NAICS Code

333999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

97416.87

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

33683

Originating Lender

Citizens National Bank of Cheboygan

Originating Lender City

CHEBOYGAN

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

98287.84

Forgiveness Date

12/29/2021

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