PPP Loan information for Mg insurance inc

$60,400

Mg insurance inc was initially approved for PPP Loan of amount $60,400, the current approved amount is $60,400. The loan was approved on 04/04/2020 by The Kensington Bank reported 5 jobs and $60,400 was used to fund payroll.

Mg insurance inc is Existing or more than 2 years old

PPP Loan Search / MN / WILLMAR / Mg insurance inc

MG INSURANCE INC

Date Approved

04/04/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MG INSURANCE INC

Borrower Address

333 5th St SW

Borrower City

WILLMAR

Borrower State

MN

Borrower Zip

56201-5295

Loan Status Date

04/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

60400.00

Current Approval Amount

60400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38282

Servicing Lender Name

Kensington Bank

Servicing Lender Address

11 N Central Ave

Servicing Lender City

KENSINGTON

Servicing Lender State

MN

Servicing Lender Zip

56343-4400

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WILLMAR

Project County Name

KANDIYOHI

Project State

MN

Project Zip

56201-5295

CD

MN-07

Jobs Reported

5

NAICS Code

524210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

60400.00

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

38282

Originating Lender

Kensington Bank

Originating Lender City

KENSINGTON

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

60973.80

Forgiveness Date

03/23/2021

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