PPP Loan information for Magnum steel works inc.

$694,873

Magnum steel works inc. was initially approved for PPP Loan of amount $694,873, the current approved amount is $694,873. The loan was approved on 01/22/2021 by The Peoples National Bank, National Association reported 50 jobs and $694,873 was used to fund payroll.

Magnum steel works inc. is Existing or more than 2 years old

PPP Loan Search / IL / Mount Vernon / Magnum steel works inc.

MAGNUM STEEL WORKS INC.

Date Approved

01/22/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

MAGNUM STEEL WORKS INC.

Borrower Address

200 Shiloh Dr

Borrower City

Mount Vernon

Borrower State

IL

Borrower Zip

62864-8347

Loan Status Date

08/05/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

694872.50

Current Approval Amount

694872.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21941

Servicing Lender Name

Peoples National Bank, National Association

Servicing Lender Address

116 S Washington

Servicing Lender City

MCLEANSBORO

Servicing Lender State

IL

Servicing Lender Zip

62859-1147

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Mount Vernon

Project County Name

JEFFERSON

Project State

IL

Project Zip

62864-8347

CD

IL-12

Jobs Reported

50

NAICS Code

339999

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

694869.50

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

21941

Originating Lender

Peoples National Bank, National Association

Originating Lender City

MCLEANSBORO

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

698299.27

Forgiveness Date

07/27/2021

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