PPP Loan information for Magtech, llc

$51,332

Magtech, llc was initially approved for PPP Loan of amount $51,332, the current approved amount is $51,332. The loan was approved on 05/01/2020 by The JPMorgan Chase Bank, National Association reported 6 jobs and $51,332 was used to fund payroll.

Magtech, llc is New Business or 2 years or less

PPP Loan Search / MI / SHELBY TWP / Magtech, llc

MAGTECH, LLC

Date Approved

05/01/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MAGTECH, LLC

Borrower Address

49810 OAKLAND DR

Borrower City

SHELBY TWP

Borrower State

MI

Borrower Zip

48315

Loan Status Date

09/30/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

51332.00

Current Approval Amount

51332.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

SHELBY TWP

Project County Name

MACOMB

Project State

MI

Project Zip

48315-0899

CD

MI-10

Jobs Reported

6

NAICS Code

999990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

51332.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

52004.14

Forgiveness Date

08/26/2021

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