PPP Loan information for Magtech consulting and solutions development

Date Approved

04/16/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

MAGTECH CONSULTING AND SOLUTIONS DEVELOPMENT

Borrower Address

45 S MAIN ST SUITE 2

Borrower City

MANVILLE

Borrower State

NJ

Borrower Zip

08835-1957

Loan Status Date

08/31/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1105500.00

Current Approval Amount

986773.13

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39334

Servicing Lender Name

Trustmark National Bank

Servicing Lender Address

248 E Capitol St

Servicing Lender City

JACKSON

Servicing Lender State

MS

Servicing Lender Zip

39201-2503

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

MANVILLE

Project County Name

SOMERSET

Project State

NJ

Project Zip

08835-1957

CD

NJ-12

Jobs Reported

80

NAICS Code

541512

Race

Native Hawaiian or Other Pacific Islander

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

986773.13

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

39334

Originating Lender

Trustmark National Bank

Originating Lender City

JACKSON

Originating Lender State

MS

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

999190.03

Forgiveness Date

07/22/2021