PPP Loan information for Magnetic systems international

$97,422

Magnetic systems international was initially approved for PPP Loan of amount $97,422, the current approved amount is $97,422. The loan was approved on 04/10/2020 by The Citizens National Bank of Cheboygan reported 9 jobs and $97,422 was used to fund payroll.

Magnetic systems international is Existing or more than 2 years old

PPP Loan Search / MI / PETOSKEY / Magnetic systems international

MAGNETIC SYSTEMS INTERNATIONAL

Date Approved

04/10/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MAGNETIC SYSTEMS INTERNATIONAL

Borrower Address

101 GREENWOOD RD UNIT 1

Borrower City

PETOSKEY

Borrower State

MI

Borrower Zip

49770-8963

Loan Status Date

02/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

97422.00

Current Approval Amount

97422.00

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

PETOSKEY

Project County Name

EMMET

Project State

MI

Project Zip

49770-8963

CD

MI-01

Jobs Reported

9

NAICS Code

333999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

97422.00

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

33683

Originating Lender

Citizens National Bank of Cheboygan

Originating Lender City

CHEBOYGAN

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

98166.20

Forgiveness Date

01/20/2021

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