PPP Loan information for Mgs by design, inc

$173,000

Mgs by design, inc was initially approved for PPP Loan of amount $173,000, the current approved amount is $173,000. The loan was approved on 04/15/2020 by The Customers Bank reported 15 jobs and $173,000 was used to fund payroll.

Mgs by design, inc is Existing or more than 2 years old

PPP Loan Search / UT / Vineyard / Mgs by design, inc

MGS BY DESIGN, INC

Date Approved

04/15/2020

SBA Office Code

0883

Processing Method

PPP

Borrower Name

MGS BY DESIGN, INC

Borrower Address

425 East 1600 North

Borrower City

Vineyard

Borrower State

UT

Borrower Zip

84059

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

173000.00

Current Approval Amount

173000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

121536

Servicing Lender Name

Customers Bank

Servicing Lender Address

40 General Warren Blvd

Servicing Lender City

Malvern

Servicing Lender State

PA

Servicing Lender Zip

19355

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Vineyard

Project County Name

UTAH

Project State

UT

Project Zip

84059-0001

CD

UT-03

Jobs Reported

15

NAICS Code

236118

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

173000.00

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

Sole Proprietorship

Originating Lender Location Id

499141

Originating Lender

Readycap Lending, LLC

Originating Lender City

BERKELEY HEIGHTS

Originating Lender State

NJ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

173838.93

Forgiveness Date

11/05/2020

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