PPP Loan information for Mag electric llc

$73,557

Mag electric llc was initially approved for PPP Loan of amount $73,557, the current approved amount is $73,557. The loan was approved on 02/24/2021 by The TBK Bank, SSB reported 8 jobs and $73,557 was used to fund payroll.

Mag electric llc is Existing or more than 2 years old

PPP Loan Search / NM / Grants / Mag electric llc

MAG ELECTRIC LLC

Date Approved

02/24/2021

SBA Office Code

0682

Processing Method

PPS

Borrower Name

MAG ELECTRIC LLC

Borrower Address

901 E High St

Borrower City

Grants

Borrower State

NM

Borrower Zip

87020-2461

Loan Status Date

11/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

73557.00

Current Approval Amount

73557.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

71488

Servicing Lender Name

TBK Bank, SSB

Servicing Lender Address

12700 Park Central Dr, Ste 1700

Servicing Lender City

DALLAS

Servicing Lender State

TX

Servicing Lender Zip

75251-1517

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Grants

Project County Name

CIBOLA

Project State

NM

Project Zip

87020-2461

CD

NM-02

Jobs Reported

8

NAICS Code

238210

Race

White

Ethnicity

Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

73554.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

71488

Originating Lender

TBK Bank, SSB

Originating Lender City

DALLAS

Originating Lender State

TX

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

74041.25

Forgiveness Date

10/20/2021

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