PPP Loan information for Magnecor usa inc

$25,161

Magnecor usa inc was initially approved for PPP Loan of amount $25,161, the current approved amount is $25,161. The loan was approved on 01/17/2021 by The Oxford Bank reported 4 jobs and $25,161 was used to fund payroll.

Magnecor usa inc is Existing or more than 2 years old

PPP Loan Search / MI / Farmington Hills / Magnecor usa inc

MAGNECOR USA INC

Date Approved

01/17/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

MAGNECOR USA INC

Borrower Address

24581 Crestview Ct

Borrower City

Farmington Hills

Borrower State

MI

Borrower Zip

48335-1503

Loan Status Date

02/16/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

25160.50

Current Approval Amount

25160.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36206

Servicing Lender Name

Oxford Bank

Servicing Lender Address

60 S Washington St

Servicing Lender City

OXFORD

Servicing Lender State

MI

Servicing Lender Zip

48371-4972

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Farmington Hills

Project County Name

OAKLAND

Project State

MI

Project Zip

48335-1503

CD

MI-11

Jobs Reported

4

NAICS Code

336320

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

25158.50

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

36206

Originating Lender

Oxford Bank

Originating Lender City

OXFORD

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

25492.48

Forgiveness Date

05/10/2022

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