PPP Loan information for Magney construction inc

$1,040,100

Magney construction inc was initially approved for PPP Loan of amount $1,040,100, the current approved amount is $1,040,100. The loan was approved on 04/11/2020 by The Alerus Financial, National Association reported 55 jobs and $1,040,100 was used to fund payroll.

Magney construction inc is Existing or more than 2 years old

PPP Loan Search / MN / CHANHASSEN / Magney construction inc

MAGNEY CONSTRUCTION INC

Date Approved

04/11/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MAGNEY CONSTRUCTION INC

Borrower Address

1401 PARK RD

Borrower City

CHANHASSEN

Borrower State

MN

Borrower Zip

55317-9592

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1040100.00

Current Approval Amount

1040100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52795

Servicing Lender Name

Alerus Financial, National Association

Servicing Lender Address

401 DeMers Ave

Servicing Lender City

GRAND FORKS

Servicing Lender State

ND

Servicing Lender Zip

58201-4574

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CHANHASSEN

Project County Name

CARVER

Project State

MN

Project Zip

55317-9592

CD

MN-06

Jobs Reported

55

NAICS Code

238990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

891356.00

Mortgage Interest Proceed

0.00

Rent Proceed

27000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

121744

Business Type

Subchapter S Corporation

Originating Lender Location Id

52795

Originating Lender

Alerus Financial, National Association

Originating Lender City

GRAND FORKS

Originating Lender State

ND

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1047149.57

Forgiveness Date

12/17/2020

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