PPP Loan information for Magnum welding inc

$45,100

Magnum welding inc was initially approved for PPP Loan of amount $45,100, the current approved amount is $45,100. The loan was approved on 04/07/2020 by The South Central Bank, Inc. reported 4 jobs and $45,100 was used to fund payroll.

Magnum welding inc is Existing or more than 2 years old

PPP Loan Search / KY / Owensboro / Magnum welding inc

MAGNUM WELDING INC

Date Approved

04/07/2020

SBA Office Code

0457

Processing Method

PPP

Borrower Name

MAGNUM WELDING INC

Borrower Address

174 Ellis Smeathers Rd

Borrower City

Owensboro

Borrower State

KY

Borrower Zip

42303-9701

Loan Status Date

12/16/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

45100.00

Current Approval Amount

45100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

27775

Servicing Lender Name

South Central Bank, Inc.

Servicing Lender Address

501 S L Rogers Wells Blvd

Servicing Lender City

GLASGOW

Servicing Lender State

KY

Servicing Lender Zip

42141

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Owensboro

Project County Name

DAVIESS

Project State

KY

Project Zip

42303-9701

CD

KY-02

Jobs Reported

4

NAICS Code

333992

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

45100.00

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

Subchapter S Corporation

Originating Lender Location Id

27775

Originating Lender

South Central Bank, Inc.

Originating Lender City

GLASGOW

Originating Lender State

KY

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

45353.06

Forgiveness Date

11/05/2020

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