PPP Loan information for Magna group, inc.

$159,770

Magna group, inc. was initially approved for PPP Loan of amount $159,770, the current approved amount is $159,770. The loan was approved on 04/14/2020 by The Banesco USA reported 10 jobs and $159,770 was used to fund payroll.

Magna group, inc. is Existing or more than 2 years old

PPP Loan Search / FL / DORAL / Magna group, inc.

MAGNA GROUP, INC.

Date Approved

04/14/2020

SBA Office Code

0455

Processing Method

PPP

Borrower Name

MAGNA GROUP, INC.

Borrower Address

10200 NW 25TH ST Suite 105

Borrower City

DORAL

Borrower State

FL

Borrower Zip

33172-5921

Loan Status Date

Loan Status

Exemption 4

Term

59

SBA Guaranty Percentage

100

Initial Approval Amount

159770.00

Current Approval Amount

159770.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

437582

Servicing Lender Name

Banesco USA

Servicing Lender Address

3155 NW 77th Ave

Servicing Lender City

Miami

Servicing Lender State

FL

Servicing Lender Zip

33122

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DORAL

Project County Name

MIAMI-DADE

Project State

FL

Project Zip

33172-5921

CD

FL-28

Jobs Reported

10

NAICS Code

424130

Race

White

Ethnicity

Hispanic or Latino

Utilities Proceed

39942.75

Payroll Proceed

119827.25

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

437582

Originating Lender

Banesco USA

Originating Lender City

Miami

Originating Lender State

FL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

130318.51

Forgiveness Date

11/27/2020

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