PPP Loan information for Mg inc.

$69,872

Mg inc. was initially approved for PPP Loan of amount $69,872, the current approved amount is $69,872. The loan was approved on 02/19/2021 by The Magnifi Financial CU reported 6 jobs and $69,872 was used to fund payroll.

Mg inc. is Existing or more than 2 years old

PPP Loan Search / MN / Moorhead / Mg inc.

MG INC.

Date Approved

02/19/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

MG INC.

Borrower Address

2412 Country Club Pkwy

Borrower City

Moorhead

Borrower State

MN

Borrower Zip

56560-1416

Loan Status Date

11/11/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

69872.00

Current Approval Amount

69872.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

99711

Servicing Lender Name

Magnifi Financial CU

Servicing Lender Address

20 4th Ave E

Servicing Lender City

MELROSE

Servicing Lender State

MN

Servicing Lender Zip

56352-1356

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Moorhead

Project County Name

CLAY

Project State

MN

Project Zip

56560-1416

CD

MN-07

Jobs Reported

6

NAICS Code

561730

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

69872.00

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

99711

Originating Lender

Magnifi Financial CU

Originating Lender City

MELROSE

Originating Lender State

MN

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

70339.09

Forgiveness Date

10/29/2021

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