PPP Loan information for Magneto service & supply co inc

$58,700

Magneto service & supply co inc was initially approved for PPP Loan of amount $58,700, the current approved amount is $58,700. The loan was approved on 04/01/2021 by The Southern Bancorp Bank reported 12 jobs and $58,700 was used to fund payroll.

Magneto service & supply co inc is Existing or more than 2 years old

PPP Loan Search / AR / El Dorado / Magneto service & supply co inc

MAGNETO SERVICE & SUPPLY CO INC

Date Approved

04/01/2021

SBA Office Code

0669

Processing Method

PPP

Borrower Name

MAGNETO SERVICE & SUPPLY CO INC

Borrower Address

2921 N West Ave

Borrower City

El Dorado

Borrower State

AR

Borrower Zip

71730-2726

Loan Status Date

11/19/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

58700.00

Current Approval Amount

58700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

4089

Servicing Lender Name

Southern Bancorp Bank

Servicing Lender Address

605 Main St

Servicing Lender City

ARKADELPHIA

Servicing Lender State

AR

Servicing Lender Zip

71923-6037

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

El Dorado

Project County Name

UNION

Project State

AR

Project Zip

71730-2726

CD

AR-04

Jobs Reported

12

NAICS Code

333112

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

58698.00

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

4089

Originating Lender

Southern Bancorp Bank

Originating Lender City

ARKADELPHIA

Originating Lender State

AR

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

58983.05

Forgiveness Date

09/29/2021

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