PPP Loan information for Magneto mechanical inc

$23,921

Magneto mechanical inc was initially approved for PPP Loan of amount $23,921, the current approved amount is $23,921. The loan was approved on 05/08/2020 by The Cross River Bank reported 1 jobs and $23,921 was used to fund payroll.

Magneto mechanical inc is Unanswered

PPP Loan Search / DE / MIDDLETOWN / Magneto mechanical inc

MAGNETO MECHANICAL INC

Date Approved

05/08/2020

SBA Office Code

0341

Processing Method

PPP

Borrower Name

MAGNETO MECHANICAL INC

Borrower Address

834 WHITEBIRD DR

Borrower City

MIDDLETOWN

Borrower State

DE

Borrower Zip

19709

Loan Status Date

02/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

23921.45

Current Approval Amount

23921.45

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

456756

Servicing Lender Name

Cross River Bank

Servicing Lender Address

885 Teaneck Rd

Servicing Lender City

TEANECK

Servicing Lender State

NJ

Servicing Lender Zip

07666-4546

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Unanswered

Project City

MIDDLETOWN

Project County Name

NEW CASTLE

Project State

DE

Project Zip

19709-0001

CD

DE-

Jobs Reported

1

NAICS Code

238220

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

23921.45

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

456756

Originating Lender

Cross River Bank

Originating Lender City

TEANECK

Originating Lender State

NJ

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

24066.29

Forgiveness Date

12/22/2020

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