PPP Loan information for Magstim inc

$292,000

Magstim inc was initially approved for PPP Loan of amount $292,000, the current approved amount is $292,000. The loan was approved on 04/15/2020 by The PNC Bank, National Association reported 21 jobs and $292,000 was used to fund payroll.

Magstim inc is Existing or more than 2 years old

PPP Loan Search / MN / EDEN PRAIRIE / Magstim inc

MAGSTIM INC

Date Approved

04/15/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MAGSTIM INC

Borrower Address

9855 W 78TH ST

Borrower City

EDEN PRAIRIE

Borrower State

MN

Borrower Zip

55344-8003

Loan Status Date

06/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

292000.00

Current Approval Amount

292000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

44449

Servicing Lender Name

PNC Bank, National Association

Servicing Lender Address

222 Delaware Ave

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19801-1621

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

EDEN PRAIRIE

Project County Name

HENNEPIN

Project State

MN

Project Zip

55344-8003

CD

MN-03

Jobs Reported

21

NAICS Code

339112

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

292000.00

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

44449

Originating Lender

PNC Bank, National Association

Originating Lender City

WILMINGTON

Originating Lender State

DE

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

295033.56

Forgiveness Date

05/03/2021

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