PPP Loan information for Mag tec casting corp.

$292,700

Mag tec casting corp. was initially approved for PPP Loan of amount $292,700, the current approved amount is $292,700. The loan was approved on 04/28/2020 by The Comerica Bank reported 24 jobs and $292,700 was used to fund payroll.

Mag tec casting corp. is Existing or more than 2 years old

PPP Loan Search / MI / Jackson / Mag tec casting corp.

MAG TEC CASTING CORP.

Date Approved

04/28/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MAG TEC CASTING CORP.

Borrower Address

2411 Research Dr

Borrower City

Jackson

Borrower State

MI

Borrower Zip

49203-6409

Loan Status Date

03/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

292700.00

Current Approval Amount

292700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33850

Servicing Lender Name

Comerica Bank

Servicing Lender Address

1717 Main St

Servicing Lender City

DALLAS

Servicing Lender State

TX

Servicing Lender Zip

75201-4612

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Jackson

Project County Name

JACKSON

Project State

MI

Project Zip

49203-6409

CD

MI-05

Jobs Reported

24

NAICS Code

331523

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

234210.60

Mortgage Interest Proceed

58489.40

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

33850

Originating Lender

Comerica Bank

Originating Lender City

DALLAS

Originating Lender State

TX

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

295114.78

Forgiveness Date

02/23/2021

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