PPP Loan information for Magna direct distribution inc

$17,900

Magna direct distribution inc was initially approved for PPP Loan of amount $17,900, the current approved amount is $17,900. The loan was approved on 04/14/2020 by The Enterprise Bank and Trust Company reported 1 jobs and $17,900 was used to fund payroll.

Magna direct distribution inc is Existing or more than 2 years old

PPP Loan Search / MA / METHUEN / Magna direct distribution inc

MAGNA DIRECT DISTRIBUTION INC

Date Approved

04/14/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

MAGNA DIRECT DISTRIBUTION INC

Borrower Address

42 MAGNA RD

Borrower City

METHUEN

Borrower State

MA

Borrower Zip

01844-4655

Loan Status Date

06/04/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

17900.00

Current Approval Amount

17900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

112598

Servicing Lender Name

Enterprise Bank and Trust Company

Servicing Lender Address

222 Merrimack St

Servicing Lender City

LOWELL

Servicing Lender State

MA

Servicing Lender Zip

01852-5913

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

METHUEN

Project County Name

ESSEX

Project State

MA

Project Zip

01844-4655

CD

MA-03

Jobs Reported

1

NAICS Code

425120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

17900.00

Payroll Proceed

0.00

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

112598

Originating Lender

Enterprise Bank and Trust Company

Originating Lender City

LOWELL

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

18090.93

Forgiveness Date

05/13/2021

;