PPP Loan information for Magnum insurance agency co., inc.

$2,092,000

Magnum insurance agency co., inc. was initially approved for PPP Loan of amount $2,092,000, the current approved amount is $2,092,000. The loan was approved on 04/09/2020 by The BMO Harris Bank National Association reported 236 jobs and $2,092,000 was used to fund payroll.

Magnum insurance agency co., inc. is Existing or more than 2 years old

PPP Loan Search / IL / DES PLAINES / Magnum insurance agency co., inc.

MAGNUM INSURANCE AGENCY CO., INC.

Date Approved

04/09/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

MAGNUM INSURANCE AGENCY CO., INC.

Borrower Address

2250 E Devon, Suite 329

Borrower City

DES PLAINES

Borrower State

IL

Borrower Zip

60018

Loan Status Date

09/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2092000.00

Current Approval Amount

2092000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21442

Servicing Lender Name

BMO Harris Bank National Association

Servicing Lender Address

111 W Monroe St

Servicing Lender City

CHICAGO

Servicing Lender State

IL

Servicing Lender Zip

60603-4096

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DES PLAINES

Project County Name

COOK

Project State

IL

Project Zip

60018-0501

CD

IL-08

Jobs Reported

236

NAICS Code

524298

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2092000.00

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

Subchapter S Corporation

Originating Lender Location Id

21442

Originating Lender

BMO Harris Bank National Association

Originating Lender City

CHICAGO

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2120542.90

Forgiveness Date

09/01/2021

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