PPP Loan information for Magnum contracting, inc.

$872,000

Magnum contracting, inc. was initially approved for PPP Loan of amount $872,000, the current approved amount is $872,000. The loan was approved on 04/07/2020 by The Aspire Bank reported 73 jobs and $872,000 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

04/07/2020

SBA Office Code

0875

Processing Method

PPP

Borrower Name

MAGNUM CONTRACTING, INC.

Borrower Address

4686 13TH AVE

Borrower City

FARGO

Borrower State

ND

Borrower Zip

58102-2874

Loan Status Date

02/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

872000.00

Current Approval Amount

872000.00

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

N

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

73

NAICS Code

236220

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

43600.00

Payroll Proceed

610400.00

Mortgage Interest Proceed

87200.00

Rent Proceed

130800.00

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

877494.79

Forgiveness Date

12/02/2020

;