PPP Loan information for Midwest magnetic components, inc.

$615,400

Midwest magnetic components, inc. was initially approved for PPP Loan of amount $615,400, the current approved amount is $615,400. The loan was approved on 04/10/2020 by The Premier Bank reported 74 jobs and $615,400 was used to fund payroll.

Midwest magnetic components, inc. is New Business or 2 years or less

PPP Loan Search / SD / ALCESTER / Midwest magnetic components, inc.

MIDWEST MAGNETIC COMPONENTS, INC.

Date Approved

04/10/2020

SBA Office Code

0876

Processing Method

PPP

Borrower Name

MIDWEST MAGNETIC COMPONENTS, INC.

Borrower Address

109 Iowa St

Borrower City

ALCESTER

Borrower State

SD

Borrower Zip

57001-7700

Loan Status Date

12/15/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

615400.00

Current Approval Amount

615400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

121393

Servicing Lender Name

Premier Bank

Servicing Lender Address

1004 21st Ave

Servicing Lender City

ROCK VALLEY

Servicing Lender State

IA

Servicing Lender Zip

51247-1446

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

ALCESTER

Project County Name

UNION

Project State

SD

Project Zip

57001-7700

CD

SD-

Jobs Reported

74

NAICS Code

334416

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

615400.00

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

121393

Originating Lender

Premier Bank

Originating Lender City

ROCK VALLEY

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

618801.79

Forgiveness Date

11/03/2020

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