Date Approved
04/29/2020
SBA Office Code
0455
Processing Method
PPP
Borrower Name
MAGNA ASSOCIATES INC.
Borrower Address
1 Town Center Road
Borrower City
BOCA RATON
Borrower State
FL
Borrower Zip
33486
Loan Status Date
07/16/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
2626452.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
9551
Servicing Lender Name
Bank of America, National Association
Servicing Lender Address
100 N Tryon St, Ste 170
Servicing Lender City
CHARLOTTE
Servicing Lender State
NC
Servicing Lender Zip
28202-4024
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Unanswered
Project City
Project County Name
PALM BEACH
Project State
Project Zip
33486-1000
CD
FL-23
Jobs Reported
121
NAICS Code
541990
Race
Ethnicity
Unknown/NotStated
Utilities Proceed
Payroll Proceed
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Subchapter S Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Veteran
Non Profit
Forgiveness Amount
2656386.36
Forgiveness Date
06/22/2021