PPP Loan information for Advanced magnesium alloys corporation

$600,900

Advanced magnesium alloys corporation was initially approved for PPP Loan of amount $600,900, the current approved amount is $600,900. The loan was approved on 04/07/2020 by The STAR Financial Bank reported 38 jobs and $600,900 was used to fund payroll.

Advanced magnesium alloys corporation is Existing or more than 2 years old

PPP Loan Search / IN / ANDERSON / Advanced magnesium alloys corporation

ADVANCED MAGNESIUM ALLOYS CORPORATION

Date Approved

04/07/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

ADVANCED MAGNESIUM ALLOYS CORPORATION

Borrower Address

1820 E 32nd Street

Borrower City

ANDERSON

Borrower State

IN

Borrower Zip

46013-2144

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

600900.00

Current Approval Amount

600900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24398

Servicing Lender Name

STAR Financial Bank

Servicing Lender Address

127 W Berry St

Servicing Lender City

FORT WAYNE

Servicing Lender State

IN

Servicing Lender Zip

46802-2315

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ANDERSON

Project County Name

MADISON

Project State

IN

Project Zip

46013-2144

CD

IN-05

Jobs Reported

38

NAICS Code

331492

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

600900.00

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

24398

Originating Lender

STAR Financial Bank

Originating Lender City

FORT WAYNE

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

604818.20

Forgiveness Date

12/09/2020

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