PPP Loan information for Magna flow international inc

$1,214,800

Magna flow international inc was initially approved for PPP Loan of amount $1,214,800, the current approved amount is $1,214,800. The loan was approved on 04/15/2020 by The Independent Bank reported 150 jobs and $1,214,800 was used to fund payroll.

Magna flow international inc is Existing or more than 2 years old

PPP Loan Search / TX / HUMBLE / Magna flow international inc

MAGNA FLOW INTERNATIONAL INC

Date Approved

04/15/2020

SBA Office Code

0671

Processing Method

PPP

Borrower Name

MAGNA FLOW INTERNATIONAL INC

Borrower Address

14915 HIGHWAY 59 NORTH

Borrower City

HUMBLE

Borrower State

TX

Borrower Zip

77396-3210

Loan Status Date

03/10/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1214800.00

Current Approval Amount

1214800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

68987

Servicing Lender Name

Independent Bank

Servicing Lender Address

3090 Craig Dr

Servicing Lender City

MCKINNEY

Servicing Lender State

TX

Servicing Lender Zip

75070-4352

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

HUMBLE

Project County Name

HARRIS

Project State

TX

Project Zip

77396-3210

CD

TX-02

Jobs Reported

150

NAICS Code

221310

Race

Unanswered

Ethnicity

Hispanic or Latino

Utilities Proceed

2000.00

Payroll Proceed

1188800.00

Mortgage Interest Proceed

0.00

Rent Proceed

24000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

68987

Originating Lender

Independent Bank

Originating Lender City

MCKINNEY

Originating Lender State

TX

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1230423.68

Forgiveness Date

08/05/2021

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