PPP Loan information for Magellan industrial trading co inc

$93,714

Magellan industrial trading co inc was initially approved for PPP Loan of amount $93,714, the current approved amount is $93,714. The loan was approved on 05/03/2020 by The Bank of America, National Association reported 4 jobs and $93,714 was used to fund payroll.

Magellan industrial trading co inc is New Business or 2 years or less

PPP Loan Search / CT / NORWALK / Magellan industrial trading co inc

MAGELLAN INDUSTRIAL TRADING CO INC

Date Approved

05/03/2020

SBA Office Code

0156

Processing Method

PPP

Borrower Name

MAGELLAN INDUSTRIAL TRADING CO INC

Borrower Address

227 WILSON AVE

Borrower City

NORWALK

Borrower State

CT

Borrower Zip

06854-5026

Loan Status Date

04/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

93714.00

Current Approval Amount

93714.00

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

New Business or 2 years or less

Project City

NORWALK

Project County Name

FAIRFIELD

Project State

CT

Project Zip

06854-5026

CD

CT-04

Jobs Reported

4

NAICS Code

423510

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

93714.00

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

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

94504.79

Forgiveness Date

03/10/2021

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