PPP Loan information for Magnum powder coating inc

$115,697

Magnum powder coating inc was initially approved for PPP Loan of amount $115,697, the current approved amount is $115,697. The loan was approved on 04/27/2020 by The ChoiceOne Bank reported 11 jobs and $115,697 was used to fund payroll.

Magnum powder coating inc is Existing or more than 2 years old

PPP Loan Search / MI / COMSTOCK PARK / Magnum powder coating inc

MAGNUM POWDER COATING INC

Date Approved

04/27/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MAGNUM POWDER COATING INC

Borrower Address

5500 W RIVER DR NE

Borrower City

COMSTOCK PARK

Borrower State

MI

Borrower Zip

49321-8914

Loan Status Date

02/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

115697.00

Current Approval Amount

115697.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36482

Servicing Lender Name

ChoiceOne Bank

Servicing Lender Address

109 E Division

Servicing Lender City

SPARTA

Servicing Lender State

MI

Servicing Lender Zip

49345-1337

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

COMSTOCK PARK

Project County Name

KENT

Project State

MI

Project Zip

49321-8914

CD

MI-03

Jobs Reported

11

NAICS Code

332812

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

115697.00

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

Cooperative

Originating Lender Location Id

36482

Originating Lender

ChoiceOne Bank

Originating Lender City

SPARTA

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

116527.48

Forgiveness Date

01/19/2021

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