PPP Loan information for World magnetics company, llc

$447,624

World magnetics company, llc was initially approved for PPP Loan of amount $447,624, the current approved amount is $447,624. The loan was approved on 04/27/2020 by The West Shore Bank reported 32 jobs and $447,624 was used to fund payroll.

World magnetics company, llc is Existing or more than 2 years old

PPP Loan Search / MI / TRAVERSE CITY / World magnetics company, llc

WORLD MAGNETICS COMPANY, LLC

Date Approved

04/27/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

WORLD MAGNETICS COMPANY, LLC

Borrower Address

810 Hasting St

Borrower City

TRAVERSE CITY

Borrower State

MI

Borrower Zip

49686-3441

Loan Status Date

12/10/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

447624.00

Current Approval Amount

447624.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36467

Servicing Lender Name

West Shore Bank

Servicing Lender Address

201 W Loomis St

Servicing Lender City

LUDINGTON

Servicing Lender State

MI

Servicing Lender Zip

49431-2012

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

TRAVERSE CITY

Project County Name

GRAND TRAVERSE

Project State

MI

Project Zip

49686-3441

CD

MI-01

Jobs Reported

32

NAICS Code

334419

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

447624.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

36467

Originating Lender

West Shore Bank

Originating Lender City

LUDINGTON

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

449862.12

Forgiveness Date

11/03/2020

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