PPP Loan information for Magna industries inc

$150,000

Magna industries inc was initially approved for PPP Loan of amount $150,000, the current approved amount is $150,000. The loan was approved on 04/15/2020 by The TD Bank, National Association reported 21 jobs and $150,000 was used to fund payroll.

Magna industries inc is Existing or more than 2 years old

PPP Loan Search / NJ / Lakewood / Magna industries inc

MAGNA INDUSTRIES INC

Date Approved

04/15/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

MAGNA INDUSTRIES INC

Borrower Address

1825 SWARTHMORE AVE

Borrower City

Lakewood

Borrower State

NJ

Borrower Zip

08701

Loan Status Date

04/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

150000.00

Current Approval Amount

150000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

29805

Servicing Lender Name

TD Bank, National Association

Servicing Lender Address

2035 Limestone Rd

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19808-5529

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Lakewood

Project County Name

OCEAN

Project State

NJ

Project Zip

08701-0001

CD

NJ-04

Jobs Reported

21

NAICS Code

333241

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

150000.00

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

Partnership

Originating Lender Location Id

29805

Originating Lender

TD Bank, National Association

Originating Lender City

WILMINGTON

Originating Lender State

DE

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

151370.83

Forgiveness Date

03/22/2021

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