PPP Loan information for Magneto mechanical inc

$5,416

Magneto mechanical inc was initially approved for PPP Loan of amount $5,416, the current approved amount is $5,416. The loan was approved on 02/10/2021 by The Cross River Bank reported 2 jobs and $5,416 was used to fund payroll.

Magneto mechanical inc is Existing or more than 2 years old

PPP Loan Search / DE / MIDDLETOWN / Magneto mechanical inc

MAGNETO MECHANICAL INC

Date Approved

02/10/2021

SBA Office Code

0341

Processing Method

PPS

Borrower Name

MAGNETO MECHANICAL INC

Borrower Address

845 WHITEBIRD DR

Borrower City

MIDDLETOWN

Borrower State

DE

Borrower Zip

19709

Loan Status Date

05/18/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

5416.00

Current Approval Amount

5416.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

456756

Servicing Lender Name

Cross River Bank

Servicing Lender Address

885 Teaneck Rd

Servicing Lender City

TEANECK

Servicing Lender State

NJ

Servicing Lender Zip

07666-4546

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MIDDLETOWN

Project County Name

NEW CASTLE

Project State

DE

Project Zip

19709

CD

DE-

Jobs Reported

2

NAICS Code

238220

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

5411.00

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

456756

Originating Lender

Cross River Bank

Originating Lender City

TEANECK

Originating Lender State

NJ

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

5477.73

Forgiveness Date

04/12/2022

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