PPP Loan information for Magnifico inc.

$7,210,000

Magnifico inc. was initially approved for PPP Loan of amount $7,210,000, the current approved amount is $7,210,000. The loan was approved on 05/18/2020 by The Fountainhead SBF LLC reported 441 jobs and $7,210,000 was used to fund payroll.

Magnifico inc. is Existing or more than 2 years old

PPP Loan Search / NY / NEW YORK / Magnifico inc.

MAGNIFICO INC.

Date Approved

05/18/2020

SBA Office Code

0202

Processing Method

PPP

Borrower Name

MAGNIFICO INC.

Borrower Address

315 w 36TH ST

Borrower City

NEW YORK

Borrower State

NY

Borrower Zip

10018-6404

Loan Status Date

Loan Status

Exemption 4

Term

10

SBA Guaranty Percentage

100

Initial Approval Amount

7210000.00

Current Approval Amount

7210000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

524612

Servicing Lender Name

Fountainhead SBF LLC

Servicing Lender Address

3216 W. Lake Mary Blvd

Servicing Lender City

LAKE MARY

Servicing Lender State

FL

Servicing Lender Zip

32746

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NEW YORK

Project County Name

NEW YORK

Project State

NY

Project Zip

10018-6404

CD

NY-12

Jobs Reported

441

NAICS Code

511210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

7210000.00

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

524612

Originating Lender

Fountainhead SBF LLC

Originating Lender City

LAKE MARY

Originating Lender State

FL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

0.00

Forgiveness Date

;