PPP Loan information for Magna machine co.

$2,285,900

Magna machine co. was initially approved for PPP Loan of amount $2,285,900, the current approved amount is $2,285,900. The loan was approved on 04/15/2020 by The PNC Bank, National Association reported 135 jobs and $2,285,900 was used to fund payroll.

Magna machine co. is Unanswered

PPP Loan Search / OH / Cincinnati / Magna machine co.

MAGNA MACHINE CO.

Date Approved

04/15/2020

SBA Office Code

0593

Processing Method

PPP

Borrower Name

MAGNA MACHINE CO.

Borrower Address

11180 SOUTHLAND RD

Borrower City

Cincinnati

Borrower State

OH

Borrower Zip

45240-3202

Loan Status Date

08/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2285900.00

Current Approval Amount

2285900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

44449

Servicing Lender Name

PNC Bank, National Association

Servicing Lender Address

222 Delaware Ave

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19801-1621

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Unanswered

Project City

Cincinnati

Project County Name

HAMILTON

Project State

OH

Project Zip

45240-3202

CD

OH-08

Jobs Reported

135

NAICS Code

333318

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

2285900.00

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

44449

Originating Lender

PNC Bank, National Association

Originating Lender City

WILMINGTON

Originating Lender State

DE

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2314854.73

Forgiveness Date

07/20/2021

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