PPP Loan information for Magic city machine inc.

$102,042

Magic city machine inc. was initially approved for PPP Loan of amount $102,042, the current approved amount is $102,042. The loan was approved on 03/25/2021 by The U.S. Bank, National Association reported 8 jobs and $102,042 was used to fund payroll.

Magic city machine inc. is Existing or more than 2 years old

PPP Loan Search / OH / Barberton / Magic city machine inc.

MAGIC CITY MACHINE INC.

Date Approved

03/25/2021

SBA Office Code

0549

Processing Method

PPS

Borrower Name

MAGIC CITY MACHINE INC.

Borrower Address

21 4th St NW

Borrower City

Barberton

Borrower State

OH

Borrower Zip

44203-2503

Loan Status Date

10/15/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

102042.00

Current Approval Amount

102042.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

53803

Servicing Lender Name

U.S. Bank, National Association

Servicing Lender Address

425 Walnut St

Servicing Lender City

CINCINNATI

Servicing Lender State

OH

Servicing Lender Zip

45202-3956

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Barberton

Project County Name

SUMMIT

Project State

OH

Project Zip

44203-2503

CD

OH-13

Jobs Reported

8

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

102040.00

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

53803

Originating Lender

U.S. Bank, National Association

Originating Lender City

CINCINNATI

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

102538.04

Forgiveness Date

09/21/2021

;