PPP Loan information for Magnetic collaborative llc

$2,297,100

Magnetic collaborative llc was initially approved for PPP Loan of amount $2,504,900, the current approved amount is $2,297,100. The loan was approved on 04/16/2020 by The JPMorgan Chase Bank, National Association reported 57 jobs and $2,297,100 was used to fund payroll.

Magnetic collaborative llc is Existing or more than 2 years old

PPP Loan Search / NY / New York / Magnetic collaborative llc

MAGNETIC COLLABORATIVE LLC

Date Approved

04/16/2020

SBA Office Code

0202

Processing Method

PPP

Borrower Name

MAGNETIC COLLABORATIVE LLC

Borrower Address

159 W 25th St

Borrower City

New York

Borrower State

NY

Borrower Zip

10001-7203

Loan Status Date

03/16/2022

Loan Status

Charged Off

Term

3

SBA Guaranty Percentage

100

Initial Approval Amount

2504900.00

Current Approval Amount

2297100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

New York

Project County Name

NEW YORK

Project State

NY

Project Zip

10001-7203

CD

NY-12

Jobs Reported

57

NAICS Code

541611

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2297100.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Unanswered

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

0.00

Forgiveness Date

;