PPP Loan information for Magic water softener services inc

$48,000

Magic water softener services inc was initially approved for PPP Loan of amount $48,000, the current approved amount is $48,000. The loan was approved on 04/14/2020 by The Minnwest Bank reported 6 jobs and $48,000 was used to fund payroll.

Magic water softener services inc is Existing or more than 2 years old

PPP Loan Search / MN / REDWOOD FALLS / Magic water softener services inc

MAGIC WATER SOFTENER SERVICES INC

Date Approved

04/14/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MAGIC WATER SOFTENER SERVICES INC

Borrower Address

1114 E BRIDGE ST

Borrower City

REDWOOD FALLS

Borrower State

MN

Borrower Zip

56283-1808

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

48000.00

Current Approval Amount

48000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36636

Servicing Lender Name

Minnwest Bank

Servicing Lender Address

300 S Washington St

Servicing Lender City

REDWOOD FALLS

Servicing Lender State

MN

Servicing Lender Zip

56283-1658

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

REDWOOD FALLS

Project County Name

REDWOOD

Project State

MN

Project Zip

56283-1808

CD

MN-07

Jobs Reported

6

NAICS Code

454390

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

48000.00

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

Corporation

Originating Lender Location Id

36636

Originating Lender

Minnwest Bank

Originating Lender City

REDWOOD FALLS

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

48290.63

Forgiveness Date

11/30/2020

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