PPP Loan information for Magnum contracting inc.

$967,500

Magnum contracting inc. was initially approved for PPP Loan of amount $967,500, the current approved amount is $967,500. The loan was approved on 01/21/2021 by The Aspire Bank reported 51 jobs and $967,500 was used to fund payroll.

Magnum contracting inc. is Existing or more than 2 years old

PPP Loan Search / ND / Fargo / Magnum contracting inc.

MAGNUM CONTRACTING INC.

Date Approved

01/21/2021

SBA Office Code

0875

Processing Method

PPS

Borrower Name

MAGNUM CONTRACTING INC.

Borrower Address

4686 13th Ave N

Borrower City

Fargo

Borrower State

ND

Borrower Zip

58102-2874

Loan Status Date

08/18/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

967500.00

Current Approval Amount

967500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52841

Servicing Lender Name

Aspire Bank

Servicing Lender Address

5195 45th St South

Servicing Lender City

FARGO

Servicing Lender State

ND

Servicing Lender Zip

58104-3339

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Fargo

Project County Name

CASS

Project State

ND

Project Zip

58102-2874

CD

ND-

Jobs Reported

51

NAICS Code

236220

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

967498.00

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

52841

Originating Lender

Aspire Bank

Originating Lender City

FARGO

Originating Lender State

ND

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

972112.19

Forgiveness Date

07/16/2021

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