PPP Loan information for Magic valley electric, llc

$510,000

Magic valley electric, llc was initially approved for PPP Loan of amount $533,700, the current approved amount is $510,000. The loan was approved on 04/03/2020 by The First Federal Savings Bank of Twin Falls reported 46 jobs and $510,000 was used to fund payroll.

Magic valley electric, llc is Existing or more than 2 years old

PPP Loan Search / ID / JEROME / Magic valley electric, llc

MAGIC VALLEY ELECTRIC, LLC

Date Approved

04/03/2020

SBA Office Code

1087

Processing Method

PPP

Borrower Name

MAGIC VALLEY ELECTRIC, LLC

Borrower Address

395 RAILWAY ST

Borrower City

JEROME

Borrower State

ID

Borrower Zip

83338-5501

Loan Status Date

03/05/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

533700.00

Current Approval Amount

510000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

80257

Servicing Lender Name

First Federal Savings Bank of Twin Falls

Servicing Lender Address

383 Shoshone St North

Servicing Lender City

TWIN FALLS

Servicing Lender State

ID

Servicing Lender Zip

83301-6152

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

JEROME

Project County Name

JEROME

Project State

ID

Project Zip

83338-5501

CD

ID-02

Jobs Reported

46

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

510000.00

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

80257

Originating Lender

First Federal Savings Bank of Twin Falls

Originating Lender City

TWIN FALLS

Originating Lender State

ID

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

514149.86

Forgiveness Date

02/02/2021

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