PPP Loan information for Advanced magnet source corporation

$120,225

Advanced magnet source corporation was initially approved for PPP Loan of amount $120,225, the current approved amount is $120,225. The loan was approved on 05/01/2020 by The JPMorgan Chase Bank, National Association reported 8 jobs and $120,225 was used to fund payroll.

Advanced magnet source corporation is Existing or more than 2 years old

PPP Loan Search / MI / CANTON / Advanced magnet source corporation

ADVANCED MAGNET SOURCE CORPORATION

Date Approved

05/01/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

ADVANCED MAGNET SOURCE CORPORATION

Borrower Address

5033 BELLEVILLE RD

Borrower City

CANTON

Borrower State

MI

Borrower Zip

48188

Loan Status Date

02/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

120225.00

Current Approval Amount

120225.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

CANTON

Project County Name

WAYNE

Project State

MI

Project Zip

48188-0001

CD

MI-06

Jobs Reported

8

NAICS Code

332999

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

4745.00

Payroll Proceed

96180.00

Mortgage Interest Proceed

7000.00

Rent Proceed

5100.00

Refinance EIDL Proceed

0.00

Health Care Proceed

7200.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

121043.20

Forgiveness Date

01/07/2021

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