PPP Loan information for Magnum tools com llc

$38,848

Magnum tools com llc was initially approved for PPP Loan of amount $38,848, the current approved amount is $38,848. The loan was approved on 05/04/2020 by The First Merchants Bank reported 6 jobs and $38,848 was used to fund payroll.

Magnum tools com llc is Existing or more than 2 years old

PPP Loan Search / MI / ROMULUS / Magnum tools com llc

MAGNUM TOOLS COM LLC

Date Approved

05/04/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MAGNUM TOOLS COM LLC

Borrower Address

30690 CYPRESS RD

Borrower City

ROMULUS

Borrower State

MI

Borrower Zip

48174-3599

Loan Status Date

02/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

38847.79

Current Approval Amount

38847.79

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24037

Servicing Lender Name

First Merchants Bank

Servicing Lender Address

200 E Jackson St

Servicing Lender City

MUNCIE

Servicing Lender State

IN

Servicing Lender Zip

47305-2835

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ROMULUS

Project County Name

WAYNE

Project State

MI

Project Zip

48174-3599

CD

MI-13

Jobs Reported

6

NAICS Code

454390

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

38847.79

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

Limited Liability Company(LLC)

Originating Lender Location Id

24037

Originating Lender

First Merchants Bank

Originating Lender City

MUNCIE

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

39120.26

Forgiveness Date

01/20/2021

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