PPP Loan information for Mgbs inc

$34,600

Mgbs inc was initially approved for PPP Loan of amount $34,600, the current approved amount is $34,600. The loan was approved on 04/28/2020 by The First Merchants Bank reported 10 jobs and $34,600 was used to fund payroll.

Mgbs inc is Existing or more than 2 years old

PPP Loan Search / MI / HAZEL PARK / Mgbs inc

MGBS INC

Date Approved

04/28/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MGBS INC

Borrower Address

21641 John R Road

Borrower City

HAZEL PARK

Borrower State

MI

Borrower Zip

48030-2014

Loan Status Date

04/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

34600.00

Current Approval Amount

34600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24037

Servicing Lender Name

First Merchants Bank

Servicing Lender Address

200 E Jackson St

Servicing Lender City

MUNCIE

Servicing Lender State

IN

Servicing Lender Zip

47305-2835

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

HAZEL PARK

Project County Name

OAKLAND

Project State

MI

Project Zip

48030-2014

CD

MI-11

Jobs Reported

10

NAICS Code

445310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

34600.00

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

24037

Originating Lender

First Merchants Bank

Originating Lender City

MUNCIE

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

34902.39

Forgiveness Date

03/17/2021

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