PPP Loan information for Magic electric, inc.

$73,590

Magic electric, inc. was initially approved for PPP Loan of amount $73,590, the current approved amount is $73,590. The loan was approved on 05/01/2020 by The JPMorgan Chase Bank, National Association reported 8 jobs and $73,590 was used to fund payroll.

Magic electric, inc. is Existing or more than 2 years old

PPP Loan Search / LA / MANDEVILLE / Magic electric, inc.

MAGIC ELECTRIC, INC.

Date Approved

05/01/2020

SBA Office Code

0679

Processing Method

PPP

Borrower Name

MAGIC ELECTRIC, INC.

Borrower Address

22317 HIGHWAY 1088

Borrower City

MANDEVILLE

Borrower State

LA

Borrower Zip

70448

Loan Status Date

08/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

73590.00

Current Approval Amount

73590.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MANDEVILLE

Project County Name

SAINT TAMMANY

Project State

LA

Project Zip

70448-0001

CD

LA-01

Jobs Reported

8

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

500.00

Payroll Proceed

67690.00

Mortgage Interest Proceed

0.00

Rent Proceed

5000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

400.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

74443.40

Forgiveness Date

07/02/2021

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