PPP Loan information for Magna machine & tool co inc

$576,700

Magna machine & tool co inc was initially approved for PPP Loan of amount $576,700, the current approved amount is $576,700. The loan was approved on 01/22/2021 by The STAR Financial Bank reported 38 jobs and $576,700 was used to fund payroll.

Magna machine & tool co inc is Existing or more than 2 years old

PPP Loan Search / IN / New Castle / Magna machine & tool co inc

MAGNA MACHINE & TOOL CO INC

Date Approved

01/22/2021

SBA Office Code

0562

Processing Method

PPS

Borrower Name

MAGNA MACHINE & TOOL CO INC

Borrower Address

3722 N Messick Rd

Borrower City

New Castle

Borrower State

IN

Borrower Zip

47362-9315

Loan Status Date

02/18/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

576700.00

Current Approval Amount

576700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24398

Servicing Lender Name

STAR Financial Bank

Servicing Lender Address

127 W Berry St

Servicing Lender City

FORT WAYNE

Servicing Lender State

IN

Servicing Lender Zip

46802-2315

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

New Castle

Project County Name

HENRY

Project State

IN

Project Zip

47362-9315

CD

IN-06

Jobs Reported

38

NAICS Code

332710

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

576697.00

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

24398

Originating Lender

STAR Financial Bank

Originating Lender City

FORT WAYNE

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

584126.00

Forgiveness Date

05/19/2022

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