Date Approved
02/25/2021
SBA Office Code
0165
Processing Method
PPS
Borrower Name
MAGNETIC SEAL CORP
Borrower Address
365 Market St
Borrower City
Warren
Borrower State
RI
Borrower Zip
02885-2636
Loan Status Date
11/20/2021
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
1332956.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
32784
Servicing Lender Name
BayCoast Bank
Servicing Lender Address
330 Swansea Mall Dr
Servicing Lender City
SWANSEA
Servicing Lender State
MA
Servicing Lender Zip
02777-4112
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
BRISTOL
Project State
Project Zip
CD
RI-01
Jobs Reported
95
NAICS Code
339991
Race
White
Ethnicity
Hispanic or Latino
Utilities Proceed
1.00
Payroll Proceed
1332954.00
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
1340990.76
Forgiveness Date
10/25/2021