Date Approved
04/15/2020
SBA Office Code
0353
Processing Method
PPP
Borrower Name
MAGBIO GENOMICS INC.
Borrower Address
944 clopper Rd
Borrower City
Gaithersburg
Borrower State
MD
Borrower Zip
20878
Loan Status Date
05/22/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
132200.00
Current Approval Amount
116400.00
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
121536
Servicing Lender Name
Customers Bank
Servicing Lender Address
40 General Warren Blvd
Servicing Lender City
Malvern
Servicing Lender State
PA
Servicing Lender Zip
19355
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Y
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
MONTGOMERY
Project State
Project Zip
20878-1000
CD
MD-06
Jobs Reported
7
NAICS Code
453998
Race
Black or African American
Ethnicity
Not Hispanic or Latino
Utilities Proceed
Payroll Proceed
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Sole Proprietorship
Originating Lender Location Id
499141
Originating Lender
Readycap Lending, LLC
Originating Lender City
BERKELEY HEIGHTS
Originating Lender State
NJ
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
117394.98
Forgiveness Date
03/24/2021