PPP Loan information for The magna standard manufacturing company

$136,394

The magna standard manufacturing company was initially approved for PPP Loan of amount $136,394, the current approved amount is $136,394. The loan was approved on 02/24/2021 by The The Milford Bank reported 12 jobs and $136,394 was used to fund payroll.

The magna standard manufacturing company is Existing or more than 2 years old

PPP Loan Search / CT / Milford / The magna standard manufacturing company

THE MAGNA STANDARD MANUFACTURING COMPANY

Date Approved

02/24/2021

SBA Office Code

0156

Processing Method

PPP

Borrower Name

THE MAGNA STANDARD MANUFACTURING COMPANY

Borrower Address

122 Cascade Blvd

Borrower City

Milford

Borrower State

CT

Borrower Zip

06460-2848

Loan Status Date

12/18/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

136393.75

Current Approval Amount

136393.75

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

16310

Servicing Lender Name

The Milford Bank

Servicing Lender Address

33 Broad St

Servicing Lender City

MILFORD

Servicing Lender State

CT

Servicing Lender Zip

06460-3319

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Milford

Project County Name

NEW HAVEN

Project State

CT

Project Zip

06460-2848

CD

CT-03

Jobs Reported

12

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

136390.75

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

16310

Originating Lender

The Milford Bank

Originating Lender City

MILFORD

Originating Lender State

CT

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

137481.11

Forgiveness Date

12/14/2021

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