PPP Loan information for Magnificus corporation

$3,670,400

Magnificus corporation was initially approved for PPP Loan of amount $3,670,400, the current approved amount is $3,670,400. The loan was approved on 04/30/2020 by The Truist Bank reported 296 jobs and $3,670,400 was used to fund payroll.

Magnificus corporation is Existing or more than 2 years old

PPP Loan Search / MD / LANHAM / Magnificus corporation

MAGNIFICUS CORPORATION

Date Approved

04/30/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

MAGNIFICUS CORPORATION

Borrower Address

9500 Annapolis Road Suite A7

Borrower City

LANHAM

Borrower State

MD

Borrower Zip

20706-2060

Loan Status Date

Loan Status

Exemption 4

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

3670400.00

Current Approval Amount

3670400.00

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

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LANHAM

Project County Name

PRINCE GEORGES

Project State

MD

Project Zip

20706-2060

CD

MD-04

Jobs Reported

296

NAICS Code

621111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

3670400.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1473249.01

Forgiveness Date

10/22/2021

;