PPP Loan information for Magalhaes inc.

$145,500

Magalhaes inc. was initially approved for PPP Loan of amount $145,500, the current approved amount is $145,500. The loan was approved on 04/28/2020 by The BayCoast Bank reported 18 jobs and $145,500 was used to fund payroll.

Magalhaes inc. is Existing or more than 2 years old

PPP Loan Search / MA / New Bedford / Magalhaes inc.

MAGALHAES INC.

Date Approved

04/28/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

MAGALHAES INC.

Borrower Address

488 Belleville Avenue

Borrower City

New Bedford

Borrower State

MA

Borrower Zip

02746

Loan Status Date

03/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

145500.00

Current Approval Amount

145500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32784

Servicing Lender Name

BayCoast Bank

Servicing Lender Address

330 Swansea Mall Dr

Servicing Lender City

SWANSEA

Servicing Lender State

MA

Servicing Lender Zip

02777-4112

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

New Bedford

Project County Name

BRISTOL

Project State

MA

Project Zip

02746-0001

CD

MA-09

Jobs Reported

18

NAICS Code

445220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

145500.00

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

Subchapter S Corporation

Originating Lender Location Id

32784

Originating Lender

BayCoast Bank

Originating Lender City

SWANSEA

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

146664.00

Forgiveness Date

02/16/2021

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