PPP Loan information for Magton inc

$222,100

Magton inc was initially approved for PPP Loan of amount $222,100, the current approved amount is $222,100. The loan was approved on 04/13/2020 by The PNC Bank, National Association reported 10 jobs and $222,100 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

04/13/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

MAGTON INC

Borrower Address

1280 BOARDWALK

Borrower City

OCEAN CITY

Borrower State

NJ

Borrower Zip

08226-3241

Loan Status Date

08/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

222100.00

Current Approval Amount

222100.00

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

10

NAICS Code

721110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

222100.00

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

224888.59

Forgiveness Date

07/13/2021

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