PPP Loan information for Magna products corp

$168,676

Magna products corp was initially approved for PPP Loan of amount $168,676, the current approved amount is $168,676. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 15 jobs and $168,676 was used to fund payroll.

Magna products corp is New Business or 2 years or less

PPP Loan Search / NY / ROCHESTER / Magna products corp

MAGNA PRODUCTS CORP

Date Approved

05/01/2020

SBA Office Code

0219

Processing Method

PPP

Borrower Name

MAGNA PRODUCTS CORP

Borrower Address

777 MOUNT READ BLVD

Borrower City

ROCHESTER

Borrower State

NY

Borrower Zip

14606-2129

Loan Status Date

05/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

168676.00

Current Approval Amount

168676.00

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

ROCHESTER

Project County Name

MONROE

Project State

NY

Project Zip

14606-2129

CD

NY-25

Jobs Reported

15

NAICS Code

335312

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

168676.00

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

170265.71

Forgiveness Date

04/15/2021

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