PPP Loan information for Magnum abrasives, inc

$101,065

Magnum abrasives, inc was initially approved for PPP Loan of amount $101,065, the current approved amount is $101,065. The loan was approved on 04/16/2020 by The U.S. Bank, National Association reported 14 jobs and $101,065 was used to fund payroll.

Magnum abrasives, inc is Existing or more than 2 years old

PPP Loan Search / CA / SAN BERNARDINO / Magnum abrasives, inc

MAGNUM ABRASIVES, INC

Date Approved

04/16/2020

SBA Office Code

0920

Processing Method

PPP

Borrower Name

MAGNUM ABRASIVES, INC

Borrower Address

758 S ALLEN ST

Borrower City

SAN BERNARDINO

Borrower State

CA

Borrower Zip

92408-2210

Loan Status Date

03/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

101065.00

Current Approval Amount

101065.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

53803

Servicing Lender Name

U.S. Bank, National Association

Servicing Lender Address

425 Walnut St

Servicing Lender City

CINCINNATI

Servicing Lender State

OH

Servicing Lender Zip

45202-3956

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SAN BERNARDINO

Project County Name

SAN BERNARDINO

Project State

CA

Project Zip

92408-2210

CD

CA-33

Jobs Reported

14

NAICS Code

327910

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

91065.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

10000.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

53803

Originating Lender

U.S. Bank, National Association

Originating Lender City

CINCINNATI

Originating Lender State

OH

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

91570.92

Forgiveness Date

11/03/2020

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