PPP Loan information for Magnuson development corp.

$8,700

Magnuson development corp. was initially approved for PPP Loan of amount $8,700, the current approved amount is $8,700. The loan was approved on 04/08/2020 by The Frandsen Bank & Trust reported 3 jobs and $8,700 was used to fund payroll.

Magnuson development corp. is Existing or more than 2 years old

MAGNUSON DEVELOPMENT CORP.

Date Approved

04/08/2020

SBA Office Code

0563

Processing Method

PPP

Borrower Name

MAGNUSON DEVELOPMENT CORP.

Borrower Address

W2108 LARSON RD

Borrower City

SPRINGBROOK

Borrower State

WI

Borrower Zip

54875-9522

Loan Status Date

02/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

8700.00

Current Approval Amount

8700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38689

Servicing Lender Name

Frandsen Bank & Trust

Servicing Lender Address

116 W Central St

Servicing Lender City

LONSDALE

Servicing Lender State

MN

Servicing Lender Zip

55046-9626

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SPRINGBROOK

Project County Name

SAWYER

Project State

WI

Project Zip

54875-9522

CD

WI-07

Jobs Reported

3

NAICS Code

721211

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

8700.00

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

Corporation

Originating Lender Location Id

38689

Originating Lender

Frandsen Bank & Trust

Originating Lender City

LONSDALE

Originating Lender State

MN

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

8764.83

Forgiveness Date

01/12/2021

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