PPP Loan information for Magnolia optical technologies inc

$177,574

Magnolia optical technologies inc was initially approved for PPP Loan of amount $177,574, the current approved amount is $177,574. The loan was approved on 05/03/2020 by The Bank of America, National Association reported 7 jobs and $177,574 was used to fund payroll.

Magnolia optical technologies inc is New Business or 2 years or less

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

MAGNOLIA OPTICAL TECHNOLOGIES INC

Date Approved

05/03/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

MAGNOLIA OPTICAL TECHNOLOGIES INC

Borrower Address

52B CUMMINGS PARK STE 314

Borrower City

WOBURN

Borrower State

MA

Borrower Zip

01801

Loan Status Date

06/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

177574.00

Current Approval Amount

177574.00

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

New Business or 2 years or less

Project City

WOBURN

Project County Name

MIDDLESEX

Project State

MA

Project Zip

01801

CD

MA-05

Jobs Reported

7

NAICS Code

333314

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

177574.00

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

164367.59

Forgiveness Date

05/21/2021

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