PPP Loan information for Magton inc

$429,670

Magton inc was initially approved for PPP Loan of amount $429,670, the current approved amount is $429,670. The loan was approved on 02/03/2021 by The PNC Bank, National Association reported 39 jobs and $429,670 was used to fund payroll.

Magton inc is Existing or more than 2 years old

PPP Loan Search / NJ / Ocean City / Magton inc

MAGTON INC

Date Approved

02/03/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

MAGTON INC

Borrower Address

1280 Boardwalk

Borrower City

Ocean City

Borrower State

NJ

Borrower Zip

08226-3241

Loan Status Date

12/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

429670.00

Current Approval Amount

429670.00

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

Y

Business Age Description

Existing or more than 2 years old

Project City

Ocean City

Project County Name

CAPE MAY

Project State

NJ

Project Zip

08226-3241

CD

NJ-02

Jobs Reported

39

NAICS Code

721110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

429669.00

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

Subchapter S 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

432785.11

Forgiveness Date

10/29/2021

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