PPP Loan information for Magnetic products and services inc

$60,913

Magnetic products and services inc was initially approved for PPP Loan of amount $60,913, the current approved amount is $60,913. The loan was approved on 05/08/2020 by The Wells Fargo Bank, National Association reported 6 jobs and $60,913 was used to fund payroll.

Magnetic products and services inc is Existing or more than 2 years old

PPP Loan Search / NJ / MORRISTOWN / Magnetic products and services inc

MAGNETIC PRODUCTS AND SERVICES INC

Date Approved

05/08/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

MAGNETIC PRODUCTS AND SERVICES INC

Borrower Address

10 N PARK PLACE SUITE 530

Borrower City

MORRISTOWN

Borrower State

NJ

Borrower Zip

07960

Loan Status Date

07/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

60913.00

Current Approval Amount

60913.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

12096

Servicing Lender Name

Wells Fargo Bank, National Association

Servicing Lender Address

101 N Philips Ave

Servicing Lender City

SIOUX FALLS

Servicing Lender State

SD

Servicing Lender Zip

57104-6738

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MORRISTOWN

Project County Name

MORRIS

Project State

NJ

Project Zip

07960-2101

CD

NJ-11

Jobs Reported

6

NAICS Code

541330

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

60913.00

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

Corporation

Originating Lender Location Id

12096

Originating Lender

Wells Fargo Bank, National Association

Originating Lender City

SIOUX FALLS

Originating Lender State

SD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

61598.90

Forgiveness Date

06/24/2021

;