PPP Loan information for Magneticwheels enterprises inc.

$250,000

Magneticwheels enterprises inc. was initially approved for PPP Loan of amount $250,000, the current approved amount is $250,000. The loan was approved on 03/13/2021 by The Truist Bank reported 16 jobs and $250,000 was used to fund payroll.

Magneticwheels enterprises inc. is Existing or more than 2 years old

PPP Loan Search / NC / Durham / Magneticwheels enterprises inc.

MAGNETICWHEELS ENTERPRISES INC.

Date Approved

03/13/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

MAGNETICWHEELS ENTERPRISES INC.

Borrower Address

644 Foster St

Borrower City

Durham

Borrower State

NC

Borrower Zip

27701-2109

Loan Status Date

04/06/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

250000.00

Current Approval Amount

250000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Durham

Project County Name

DURHAM

Project State

NC

Project Zip

27701-2109

CD

NC-04

Jobs Reported

16

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

249995.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

252895.83

Forgiveness Date

05/10/2022

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