PPP Loan information for Magni industries, inc.

$1,461,900

Magni industries, inc. was initially approved for PPP Loan of amount $1,461,900, the current approved amount is $1,461,900. The loan was approved on 04/28/2020 by The Fifth Third Bank reported 98 jobs and $1,461,900 was used to fund payroll.

Magni industries, inc. is Existing or more than 2 years old

PPP Loan Search / MI / BIRMINGHAM / Magni industries, inc.

MAGNI INDUSTRIES, INC.

Date Approved

04/28/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MAGNI INDUSTRIES, INC.

Borrower Address

390 Park Street Suite 300

Borrower City

BIRMINGHAM

Borrower State

MI

Borrower Zip

48009-3400

Loan Status Date

08/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1461900.00

Current Approval Amount

1461900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

58036

Servicing Lender Name

Fifth Third Bank

Servicing Lender Address

38 Fountain Sq Plz

Servicing Lender City

CINCINNATI

Servicing Lender State

OH

Servicing Lender Zip

45263

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BIRMINGHAM

Project County Name

OAKLAND

Project State

MI

Project Zip

48009-3400

CD

MI-11

Jobs Reported

98

NAICS Code

325510

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1461900.00

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

58036

Originating Lender

Fifth Third Bank

Originating Lender City

CINCINNATI

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1478874.28

Forgiveness Date

06/30/2021

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