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 04/09/2020 by The STAR Financial Bank reported 39 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

04/09/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

MAGNA MACHINE & TOOL CO., INC.

Borrower Address

3722 North Messick Rd

Borrower City

NEW CASTLE

Borrower State

IN

Borrower Zip

47362-9315

Loan Status Date

06/18/2021

Loan Status

Paid in Full

Term

24

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

39

NAICS Code

333519

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

12700.00

Payroll Proceed

454700.00

Mortgage Interest Proceed

0.00

Rent Proceed

40500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

61900.00

Debt Interest Proceed

6900

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

582877.80

Forgiveness Date

05/13/2021

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