PPP Loan information for Magnolia optical technologies inc

$162,674

Magnolia optical technologies inc was initially approved for PPP Loan of amount $162,674, the current approved amount is $162,674. The loan was approved on 02/05/2021 by The Bank of America, National Association reported 7 jobs and $162,674 was used to fund payroll.

Magnolia optical technologies inc is Existing or more than 2 years old

PPP Loan Search / MA / Woburn / Magnolia optical technologies inc

MAGNOLIA OPTICAL TECHNOLOGIES INC

Date Approved

02/05/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

MAGNOLIA OPTICAL TECHNOLOGIES INC

Borrower Address

52B Cummings Park Ste 314

Borrower City

Woburn

Borrower State

MA

Borrower Zip

01801-2123

Loan Status Date

10/16/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

162674.00

Current Approval Amount

162674.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Woburn

Project County Name

MIDDLESEX

Project State

MA

Project Zip

01801-2123

CD

MA-05

Jobs Reported

7

NAICS Code

541990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

162672.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

163658.96

Forgiveness Date

09/15/2021

;