PPP Loan information for Magnetika/east, lp

$144,960

Magnetika/east, lp was initially approved for PPP Loan of amount $145,000, the current approved amount is $144,960. The loan was approved on 04/15/2020 by The American Business Bank reported 14 jobs and $144,960 was used to fund payroll.

Magnetika/east, lp is Existing or more than 2 years old

PPP Loan Search / MA / MARLBOROUGH / Magnetika/east, lp

MAGNETIKA/EAST, LP

Date Approved

04/15/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

MAGNETIKA/EAST, LP

Borrower Address

34 SAINT MARTIN DR STE 11

Borrower City

MARLBOROUGH

Borrower State

MA

Borrower Zip

01752-3021

Loan Status Date

04/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

145000.00

Current Approval Amount

144959.51

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

123001

Servicing Lender Name

American Business Bank

Servicing Lender Address

2400 E. Katella Ave. Ste 350

Servicing Lender City

Anaheim

Servicing Lender State

CA

Servicing Lender Zip

92806

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MARLBOROUGH

Project County Name

MIDDLESEX

Project State

MA

Project Zip

01752-3021

CD

MA-02

Jobs Reported

14

NAICS Code

334416

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

127859.51

Mortgage Interest Proceed

0.00

Rent Proceed

16000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

1100.00

Debt Interest Proceed

0

Business Type

Limited Liability Partnership

Originating Lender Location Id

123001

Originating Lender

American Business Bank

Originating Lender City

Anaheim

Originating Lender State

CA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

145859.36

Forgiveness Date

03/11/2021

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