PPP Loan information for Magna steel sales inc

$309,000

Magna steel sales inc was initially approved for PPP Loan of amount $309,000, the current approved amount is $309,000. The loan was approved on 04/11/2020 by The Liberty Bank reported 19 jobs and $309,000 was used to fund payroll.

Magna steel sales inc is Existing or more than 2 years old

PPP Loan Search / CT / BEACON FALLS / Magna steel sales inc

MAGNA STEEL SALES INC

Date Approved

04/11/2020

SBA Office Code

0156

Processing Method

PPP

Borrower Name

MAGNA STEEL SALES INC

Borrower Address

2 ALLIANCE CIR

Borrower City

BEACON FALLS

Borrower State

CT

Borrower Zip

06403-1054

Loan Status Date

01/19/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

309000.00

Current Approval Amount

309000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

16282

Servicing Lender Name

Liberty Bank

Servicing Lender Address

315 Main St

Servicing Lender City

MIDDLETOWN

Servicing Lender State

CT

Servicing Lender Zip

06457-3345

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BEACON FALLS

Project County Name

NEW HAVEN

Project State

CT

Project Zip

06403-1054

CD

CT-03

Jobs Reported

19

NAICS Code

332312

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

309000.00

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

16282

Originating Lender

Liberty Bank

Originating Lender City

MIDDLETOWN

Originating Lender State

CT

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

314089.92

Forgiveness Date

12/14/2021

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