PPP Loan information for Magnum solvent inc

$180,000

Magnum solvent inc was initially approved for PPP Loan of amount $180,000, the current approved amount is $180,000. The loan was approved on 02/03/2021 by The State Savings Bank reported 13 jobs and $180,000 was used to fund payroll.

Magnum solvent inc is Existing or more than 2 years old

PPP Loan Search / MI / Kalkaska / Magnum solvent inc

MAGNUM SOLVENT INC

Date Approved

02/03/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

MAGNUM SOLVENT INC

Borrower Address

470 Magnum Dr NE

Borrower City

Kalkaska

Borrower State

MI

Borrower Zip

49646-8346

Loan Status Date

10/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

180000.00

Current Approval Amount

180000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

34939

Servicing Lender Name

State Savings Bank

Servicing Lender Address

703 Main St

Servicing Lender City

FRANKFORT

Servicing Lender State

MI

Servicing Lender Zip

49635-9030

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Kalkaska

Project County Name

KALKASKA

Project State

MI

Project Zip

49646-8346

CD

MI-01

Jobs Reported

13

NAICS Code

424690

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

179998.00

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

34939

Originating Lender

State Savings Bank

Originating Lender City

FRANKFORT

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

180917.26

Forgiveness Date

08/16/2021

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