PPP Loan information for Magnetic electric company

$5,800

Magnetic electric company was initially approved for PPP Loan of amount $5,800, the current approved amount is $5,800. The loan was approved on 04/28/2020 by The Centreville Bank reported 1 jobs and $5,800 was used to fund payroll.

Magnetic electric company is Existing or more than 2 years old

PPP Loan Search / RI / FOSTER / Magnetic electric company

MAGNETIC ELECTRIC COMPANY

Date Approved

04/28/2020

SBA Office Code

0165

Processing Method

PPP

Borrower Name

MAGNETIC ELECTRIC COMPANY

Borrower Address

162 Franklin Road

Borrower City

FOSTER

Borrower State

RI

Borrower Zip

02825

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

5800.00

Current Approval Amount

5800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

65795

Servicing Lender Name

Centreville Bank

Servicing Lender Address

1218 Main St

Servicing Lender City

WEST WARWICK

Servicing Lender State

RI

Servicing Lender Zip

02893-4827

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FOSTER

Project County Name

PROVIDENCE

Project State

RI

Project Zip

02825-0001

CD

RI-02

Jobs Reported

1

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

5800.00

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

Sole Proprietorship

Originating Lender Location Id

65795

Originating Lender

Centreville Bank

Originating Lender City

WEST WARWICK

Originating Lender State

RI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

5837.86

Forgiveness Date

12/22/2020

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