PPP Loan information for Magnelab inc

$192,327

Magnelab inc was initially approved for PPP Loan of amount $192,327, the current approved amount is $192,327. The loan was approved on 02/26/2021 by The Wells Fargo Bank, National Association reported 12 jobs and $192,327 was used to fund payroll.

Magnelab inc is Existing or more than 2 years old

PPP Loan Search / CO / Longmont / Magnelab inc

MAGNELAB INC

Date Approved

02/26/2021

SBA Office Code

0811

Processing Method

PPS

Borrower Name

MAGNELAB INC

Borrower Address

600 Weaver Park Rd

Borrower City

Longmont

Borrower State

CO

Borrower Zip

80501-6062

Loan Status Date

01/12/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

192327.00

Current Approval Amount

192327.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

12096

Servicing Lender Name

Wells Fargo Bank, National Association

Servicing Lender Address

101 N Philips Ave

Servicing Lender City

SIOUX FALLS

Servicing Lender State

SD

Servicing Lender Zip

57104-6738

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Longmont

Project County Name

BOULDER

Project State

CO

Project Zip

80501-6062

CD

CO-02

Jobs Reported

12

NAICS Code

541420

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

192324.00

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

12096

Originating Lender

Wells Fargo Bank, National Association

Originating Lender City

SIOUX FALLS

Originating Lender State

SD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

193770.77

Forgiveness Date

12/01/2021

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