PPP Loan information for Magic city motorcars, inc

$115,100

Magic city motorcars, inc was initially approved for PPP Loan of amount $115,100, the current approved amount is $115,100. The loan was approved on 05/01/2020 by The Civista Bank reported 12 jobs and $115,100 was used to fund payroll.

Magic city motorcars, inc is Unanswered

PPP Loan Search / OH / BARBERTON / Magic city motorcars, inc

MAGIC CITY MOTORCARS, INC

Date Approved

05/01/2020

SBA Office Code

0549

Processing Method

PPP

Borrower Name

MAGIC CITY MOTORCARS, INC

Borrower Address

993 WOOSTER RD W

Borrower City

BARBERTON

Borrower State

OH

Borrower Zip

44203-7150

Loan Status Date

05/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

115100.00

Current Approval Amount

115100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

58322

Servicing Lender Name

Civista Bank

Servicing Lender Address

100 E Water St

Servicing Lender City

SANDUSKY

Servicing Lender State

OH

Servicing Lender Zip

44870-2524

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Unanswered

Project City

BARBERTON

Project County Name

SUMMIT

Project State

OH

Project Zip

44203-7150

CD

OH-13

Jobs Reported

12

NAICS Code

441120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

3000.00

Payroll Proceed

87600.00

Mortgage Interest Proceed

200.00

Rent Proceed

8600.00

Refinance EIDL Proceed

0.00

Health Care Proceed

13700.00

Debt Interest Proceed

2000

Business Type

Subchapter S Corporation

Originating Lender Location Id

58322

Originating Lender

Civista Bank

Originating Lender City

SANDUSKY

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

116235.01

Forgiveness Date

04/22/2021

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