PPP Loan information for Mgm electric co inc

$555,070

Mgm electric co inc was initially approved for PPP Loan of amount $555,070, the current approved amount is $555,070. The loan was approved on 03/26/2021 by The Bank of America, National Association reported 15 jobs and $555,070 was used to fund payroll.

Mgm electric co inc is Existing or more than 2 years old

PPP Loan Search / MA / Quincy / Mgm electric co inc

MGM ELECTRIC CO INC

Date Approved

03/26/2021

SBA Office Code

0101

Processing Method

PPP

Borrower Name

MGM ELECTRIC CO INC

Borrower Address

147 Beach St

Borrower City

Quincy

Borrower State

MA

Borrower Zip

02170-2310

Loan Status Date

12/16/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

555070.00

Current Approval Amount

555070.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Quincy

Project County Name

NORFOLK

Project State

MA

Project Zip

02170-2310

CD

MA-08

Jobs Reported

15

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

555070.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

558689.36

Forgiveness Date

11/26/2021

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