PPP Loan information for Magneticwheels enterprises incorporated

$178,900

Magneticwheels enterprises incorporated was initially approved for PPP Loan of amount $178,900, the current approved amount is $178,900. The loan was approved on 04/13/2020 by The Truist Bank reported 48 jobs and $178,900 was used to fund payroll.

Magneticwheels enterprises incorporated is Existing or more than 2 years old

PPP Loan Search / NC / DURHAM / Magneticwheels enterprises incorporated

MAGNETICWHEELS ENTERPRISES INCORPORATED

Date Approved

04/13/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

MAGNETICWHEELS ENTERPRISES INCORPORATED

Borrower Address

644 FOSTER ST

Borrower City

DURHAM

Borrower State

NC

Borrower Zip

27701-2109

Loan Status Date

10/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

178900.00

Current Approval Amount

178900.00

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

48

NAICS Code

541618

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

178900.00

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

181484.11

Forgiveness Date

09/27/2021

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