PPP Loan information for Mg beverage systems, inc

$469,605

Mg beverage systems, inc was initially approved for PPP Loan of amount $469,605, the current approved amount is $469,605. The loan was approved on 04/15/2020 by The Lakeland Bank reported 51 jobs and $469,605 was used to fund payroll.

Mg beverage systems, inc is Existing or more than 2 years old

PPP Loan Search / NC / STATESVILLE / Mg beverage systems, inc

MG BEVERAGE SYSTEMS, INC

Date Approved

04/15/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

MG BEVERAGE SYSTEMS, INC

Borrower Address

1404 OLD SALISBURY RD

Borrower City

STATESVILLE

Borrower State

NC

Borrower Zip

28625-6244

Loan Status Date

02/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

469605.00

Current Approval Amount

469605.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

45621

Servicing Lender Name

Lakeland Bank

Servicing Lender Address

2717 Rte 23 South

Servicing Lender City

NEWFOUNDLAND

Servicing Lender State

NJ

Servicing Lender Zip

07435-1441

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

STATESVILLE

Project County Name

IREDELL

Project State

NC

Project Zip

28625-6244

CD

NC-10

Jobs Reported

51

NAICS Code

424410

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

3400.00

Payroll Proceed

375684.00

Mortgage Interest Proceed

0.00

Rent Proceed

90521.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

45621

Originating Lender

Lakeland Bank

Originating Lender City

NEWFOUNDLAND

Originating Lender State

NJ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

473155.99

Forgiveness Date

01/25/2021

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