PPP Loan information for Magnatech llc

$308,088

Magnatech llc was initially approved for PPP Loan of amount $308,088, the current approved amount is $308,088. The loan was approved on 01/23/2021 by The Manufacturers and Traders Trust Company reported 28 jobs and $308,088 was used to fund payroll.

Magnatech llc is Existing or more than 2 years old

PPP Loan Search / CT / East Granby / Magnatech llc

MAGNATECH LLC

Date Approved

01/23/2021

SBA Office Code

0156

Processing Method

PPS

Borrower Name

MAGNATECH LLC

Borrower Address

6 Kripes Rd

Borrower City

East Granby

Borrower State

CT

Borrower Zip

06026-9645

Loan Status Date

09/17/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

308087.50

Current Approval Amount

308087.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

46391

Servicing Lender Name

Manufacturers and Traders Trust Company

Servicing Lender Address

One M & T Plaza, 15th Fl

Servicing Lender City

BUFFALO

Servicing Lender State

NY

Servicing Lender Zip

14203

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

East Granby

Project County Name

HARTFORD

Project State

CT

Project Zip

06026-9645

CD

CT-01

Jobs Reported

28

NAICS Code

333992

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

308085.50

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

46391

Originating Lender

Manufacturers and Traders Trust Company

Originating Lender City

BUFFALO

Originating Lender State

NY

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

309615.28

Forgiveness Date

07/30/2021

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