PPP Loan information for Power magne-tech corp.

$155,000

Power magne-tech corp. was initially approved for PPP Loan of amount $155,000, the current approved amount is $155,000. The loan was approved on 05/06/2020 by The Bank of America, National Association reported 20 jobs and $155,000 was used to fund payroll.

Power magne-tech corp. is Unanswered

PPP Loan Search / NJ / PERTH AMBOY / Power magne-tech corp.

POWER MAGNE-TECH CORP.

Date Approved

05/06/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

POWER MAGNE-TECH CORP.

Borrower Address

653 SAYRE AVE

Borrower City

PERTH AMBOY

Borrower State

NJ

Borrower Zip

08861-3612

Loan Status Date

12/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

155000.00

Current Approval Amount

155000.00

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

Y

HLMI Indicator

Y

Business Age Description

Unanswered

Project City

PERTH AMBOY

Project County Name

MIDDLESEX

Project State

NJ

Project Zip

08861-3612

CD

NJ-06

Jobs Reported

20

NAICS Code

335311

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

155000.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

157356.85

Forgiveness Date

11/18/2021

;