PPP Loan information for M&g electric corp

$78,772

M&g electric corp was initially approved for PPP Loan of amount $78,772, the current approved amount is $78,772. The loan was approved on 01/28/2021 by The Cross River Bank reported 6 jobs and $78,772 was used to fund payroll.

M&g electric corp is Existing or more than 2 years old

PPP Loan Search / VA / Virginia Bch / M&g electric corp

M&G ELECTRIC CORP

Date Approved

01/28/2021

SBA Office Code

0304

Processing Method

PPS

Borrower Name

M&G ELECTRIC CORP

Borrower Address

501 Gleneagle Dr

Borrower City

Virginia Bch

Borrower State

VA

Borrower Zip

23462-4510

Loan Status Date

09/25/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

78772.00

Current Approval Amount

78772.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

456756

Servicing Lender Name

Cross River Bank

Servicing Lender Address

885 Teaneck Rd

Servicing Lender City

TEANECK

Servicing Lender State

NJ

Servicing Lender Zip

07666-4546

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Virginia Bch

Project County Name

VIRGINIA BEACH CITY

Project State

VA

Project Zip

23462-4510

CD

VA-02

Jobs Reported

6

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

78772.00

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

Corporation

Originating Lender Location Id

456756

Originating Lender

Cross River Bank

Originating Lender City

TEANECK

Originating Lender State

NJ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

79199.31

Forgiveness Date

08/27/2021

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