PPP Loan information for Magnus engineered equipment

$170,163

Magnus engineered equipment was initially approved for PPP Loan of amount $170,163, the current approved amount is $170,163. The loan was approved on 02/10/2021 by The The Middlefield Banking Company reported 17 jobs and $170,163 was used to fund payroll.

Magnus engineered equipment is Existing or more than 2 years old

PPP Loan Search / OH / Willoughby / Magnus engineered equipment

MAGNUS ENGINEERED EQUIPMENT

Date Approved

02/10/2021

SBA Office Code

0549

Processing Method

PPS

Borrower Name

MAGNUS ENGINEERED EQUIPMENT

Borrower Address

4500 Beidler Rd

Borrower City

Willoughby

Borrower State

OH

Borrower Zip

44094-4602

Loan Status Date

03/09/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

170162.50

Current Approval Amount

170162.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

57805

Servicing Lender Name

The Middlefield Banking Company

Servicing Lender Address

15985 E High St

Servicing Lender City

MIDDLEFIELD

Servicing Lender State

OH

Servicing Lender Zip

44062

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Willoughby

Project County Name

LAKE

Project State

OH

Project Zip

44094-4602

CD

OH-14

Jobs Reported

17

NAICS Code

332999

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

170159.50

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

Limited Liability Company(LLC)

Originating Lender Location Id

57805

Originating Lender

The Middlefield Banking Company

Originating Lender City

MIDDLEFIELD

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

171808.18

Forgiveness Date

02/07/2022

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