PPP Loan information for Magnitude express llc

$312,141

Magnitude express llc was initially approved for PPP Loan of amount $322,141, the current approved amount is $312,141. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 98 jobs and $312,141 was used to fund payroll.

Magnitude express llc is New Business or 2 years or less

PPP Loan Search / DE / NEWARK / Magnitude express llc

MAGNITUDE EXPRESS LLC

Date Approved

05/01/2020

SBA Office Code

0341

Processing Method

PPP

Borrower Name

MAGNITUDE EXPRESS LLC

Borrower Address

4142 OGLETOWN STANTON RD

Borrower City

NEWARK

Borrower State

DE

Borrower Zip

19713-4169

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

322141.00

Current Approval Amount

312141.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

NEWARK

Project County Name

NEW CASTLE

Project State

DE

Project Zip

19713-4169

CD

DE-

Jobs Reported

98

NAICS Code

488490

Race

Native Hawaiian or Other Pacific Islander

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

312141.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

314039.50

Forgiveness Date

12/16/2020

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