PPP Loan information for Mgm industries, inc

$139,027

Mgm industries, inc was initially approved for PPP Loan of amount $139,027, the current approved amount is $139,027. The loan was approved on 05/01/2020 by The JPMorgan Chase Bank, National Association reported 16 jobs and $139,027 was used to fund payroll.

Mgm industries, inc is Existing or more than 2 years old

PPP Loan Search / MI / WATERFORD / Mgm industries, inc

MGM INDUSTRIES, INC

Date Approved

05/01/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MGM INDUSTRIES, INC

Borrower Address

6650 HIGHLAND RD STE 310

Borrower City

WATERFORD

Borrower State

MI

Borrower Zip

48327

Loan Status Date

09/30/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

139027.00

Current Approval Amount

139027.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WATERFORD

Project County Name

OAKLAND

Project State

MI

Project Zip

48327-0899

CD

MI-11

Jobs Reported

16

NAICS Code

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

600.00

Payroll Proceed

123027.00

Mortgage Interest Proceed

0.00

Rent Proceed

15400.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

140760.36

Forgiveness Date

08/03/2021

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