PPP Loan information for Coast/advanced chip magnetics inc

$212,315

Coast/advanced chip magnetics inc was initially approved for PPP Loan of amount $212,315, the current approved amount is $212,315. The loan was approved on 05/03/2020 by The Bank of America, National Association reported 19 jobs and $212,315 was used to fund payroll.

Coast/advanced chip magnetics inc is New Business or 2 years or less

PPP Loan Search / CA / TORRANCE / Coast/advanced chip magnetics inc

COAST/ADVANCED CHIP MAGNETICS INC

Date Approved

05/03/2020

SBA Office Code

0914

Processing Method

PPP

Borrower Name

COAST/ADVANCED CHIP MAGNETICS INC

Borrower Address

4225 SPENCER ST

Borrower City

TORRANCE

Borrower State

CA

Borrower Zip

90503-2421

Loan Status Date

08/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

212315.00

Current Approval Amount

212315.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

TORRANCE

Project County Name

LOS ANGELES

Project State

CA

Project Zip

90503-2421

CD

CA-36

Jobs Reported

19

NAICS Code

334416

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

212315.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

141414.01

Forgiveness Date

07/09/2021

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