PPP Loan information for Magnum electric service inc

$180,000

Magnum electric service inc was initially approved for PPP Loan of amount $180,000, the current approved amount is $180,000. The loan was approved on 03/08/2021 by The BMO Harris Bank National Association reported 6 jobs and $180,000 was used to fund payroll.

Magnum electric service inc is Existing or more than 2 years old

PPP Loan Search / WA / Richland / Magnum electric service inc

MAGNUM ELECTRIC SERVICE INC

Date Approved

03/08/2021

SBA Office Code

1094

Processing Method

PPS

Borrower Name

MAGNUM ELECTRIC SERVICE INC

Borrower Address

1537 Fowler St

Borrower City

Richland

Borrower State

WA

Borrower Zip

99352-4733

Loan Status Date

01/20/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

180000.00

Current Approval Amount

180000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21442

Servicing Lender Name

BMO Harris Bank National Association

Servicing Lender Address

111 W Monroe St

Servicing Lender City

CHICAGO

Servicing Lender State

IL

Servicing Lender Zip

60603-4096

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Richland

Project County Name

BENTON

Project State

WA

Project Zip

99352-4733

CD

WA-04

Jobs Reported

6

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

179995.00

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

21442

Originating Lender

BMO Harris Bank National Association

Originating Lender City

CHICAGO

Originating Lender State

IL

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

181405.00

Forgiveness Date

12/16/2021

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