PPP Loan information for Mgm electrical systems, inc.

$533,300

Mgm electrical systems, inc. was initially approved for PPP Loan of amount $533,300, the current approved amount is $533,300. The loan was approved on 04/30/2020 by The Truist Bank reported 26 jobs and $533,300 was used to fund payroll.

Mgm electrical systems, inc. is Existing or more than 2 years old

PPP Loan Search / MD / Annapolis / Mgm electrical systems, inc.

MGM ELECTRICAL SYSTEMS, INC.

Date Approved

04/30/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

MGM ELECTRICAL SYSTEMS, INC.

Borrower Address

3302 Shore Drive

Borrower City

Annapolis

Borrower State

MD

Borrower Zip

21403

Loan Status Date

05/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

533300.00

Current Approval Amount

533300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Annapolis

Project County Name

ANNE ARUNDEL

Project State

MD

Project Zip

21403-0001

CD

MD-03

Jobs Reported

26

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

533300.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

538484.86

Forgiveness Date

04/23/2021

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