PPP Loan information for Eto magnetic corp>

$1,317,500

Eto magnetic corp> was initially approved for PPP Loan of amount $1,317,500, the current approved amount is $1,317,500. The loan was approved on 02/04/2021 by The HSBC Bank USA, National Association reported 114 jobs and $1,317,500 was used to fund payroll.

Eto magnetic corp> is Existing or more than 2 years old

PPP Loan Search / MI / Grand Rapids / Eto magnetic corp>

ETO MAGNETIC CORP>

Date Approved

02/04/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

ETO MAGNETIC CORP>

Borrower Address

5925 Patterson Ave SE

Borrower City

Grand Rapids

Borrower State

MI

Borrower Zip

49512-9618

Loan Status Date

09/24/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1317500.00

Current Approval Amount

1317500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

378617

Servicing Lender Name

HSBC Bank USA, National Association

Servicing Lender Address

1800 Tysons Blvd, Ste 50 Tysons II

Servicing Lender City

MCLEAN

Servicing Lender State

VA

Servicing Lender Zip

22102-4267

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Grand Rapids

Project County Name

KENT

Project State

MI

Project Zip

49512-9618

CD

MI-03

Jobs Reported

114

NAICS Code

336330

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1317499.00

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

378617

Originating Lender

HSBC Bank USA, National Association

Originating Lender City

MCLEAN

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1324160.69

Forgiveness Date

08/13/2021

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