PPP Loan information for Mg petroleum inc

$87,797

Mg petroleum inc was initially approved for PPP Loan of amount $87,797, the current approved amount is $87,797. The loan was approved on 01/25/2021 by The Southwestern National Bank reported 16 jobs and $87,797 was used to fund payroll.

Mg petroleum inc is Existing or more than 2 years old

PPP Loan Search / CA / Rancho Cucamonga / Mg petroleum inc

MG PETROLEUM INC

Date Approved

01/25/2021

SBA Office Code

0920

Processing Method

PPS

Borrower Name

MG PETROLEUM INC

Borrower Address

10075 Arrow Rte

Borrower City

Rancho Cucamonga

Borrower State

CA

Borrower Zip

91730-4111

Loan Status Date

02/05/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

87797.47

Current Approval Amount

87797.47

Undisbursed Amount

0.00

Franchise Name

Busch Distributors Inc, (Phillips - 66 Company) Contract of Sale (Branded)

Servicing Lender Location Id

122197

Servicing Lender Name

Southwestern National Bank

Servicing Lender Address

6901 Corporate Dr

Servicing Lender City

HOUSTON

Servicing Lender State

TX

Servicing Lender Zip

77036-5198

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Rancho Cucamonga

Project County Name

SAN BERNARDINO

Project State

CA

Project Zip

91730-4111

CD

CA-35

Jobs Reported

16

NAICS Code

447110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

87795.47

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

122197

Originating Lender

Southwestern National Bank

Originating Lender City

HOUSTON

Originating Lender State

TX

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

88634.55

Forgiveness Date

01/11/2022

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