PPP Loan information for Magnum electric, inc.

$2,000,000

Magnum electric, inc. was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 02/27/2021 by The First International Bank & Trust reported 187 jobs and $2,000,000 was used to fund payroll.

Magnum electric, inc. is Existing or more than 2 years old

PPP Loan Search / ND / West Fargo / Magnum electric, inc.

MAGNUM ELECTRIC, INC.

Date Approved

02/27/2021

SBA Office Code

0875

Processing Method

PPS

Borrower Name

MAGNUM ELECTRIC, INC.

Borrower Address

471 Christianson Dr

Borrower City

West Fargo

Borrower State

ND

Borrower Zip

58078-8304

Loan Status Date

02/08/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52970

Servicing Lender Name

First International Bank & Trust

Servicing Lender Address

100 N Main St

Servicing Lender City

WATFORD CITY

Servicing Lender State

ND

Servicing Lender Zip

58854

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

West Fargo

Project County Name

CASS

Project State

ND

Project Zip

58078-8304

CD

ND-

Jobs Reported

187

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1999999.00

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

52970

Originating Lender

First International Bank & Trust

Originating Lender City

WATFORD CITY

Originating Lender State

ND

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

2017888.89

Forgiveness Date

01/21/2022

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