PPP Loan information for Magni-power company

$1,097,300

Magni-power company was initially approved for PPP Loan of amount $1,097,300, the current approved amount is $1,097,300. The loan was approved on 04/27/2020 by The Wayne Savings Community Bank reported 104 jobs and $1,097,300 was used to fund payroll.

Magni-power company is Existing or more than 2 years old

PPP Loan Search / OH / WOOSTER / Magni-power company

MAGNI-POWER COMPANY

Date Approved

04/27/2020

SBA Office Code

0549

Processing Method

PPP

Borrower Name

MAGNI-POWER COMPANY

Borrower Address

5511 E LINCOLN WAY

Borrower City

WOOSTER

Borrower State

OH

Borrower Zip

44691-8607

Loan Status Date

02/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1097300.00

Current Approval Amount

1097300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

84367

Servicing Lender Name

Wayne Savings Community Bank

Servicing Lender Address

151 N Market St

Servicing Lender City

WOOSTER

Servicing Lender State

OH

Servicing Lender Zip

44691-4809

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WOOSTER

Project County Name

WAYNE

Project State

OH

Project Zip

44691-8607

CD

OH-07

Jobs Reported

104

NAICS Code

332313

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1097300.00

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

Subchapter S Corporation

Originating Lender Location Id

84367

Originating Lender

Wayne Savings Community Bank

Originating Lender City

WOOSTER

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1104996.13

Forgiveness Date

01/19/2021

;