PPP Loan information for Magnum engineering, inc.

$362,700

Magnum engineering, inc. was initially approved for PPP Loan of amount $362,700, the current approved amount is $362,700. The loan was approved on 04/07/2020 by The BNC National Bank reported 43 jobs and $362,700 was used to fund payroll.

Magnum engineering, inc. is Existing or more than 2 years old

PPP Loan Search / AZ / PHOENIX / Magnum engineering, inc.

MAGNUM ENGINEERING, INC.

Date Approved

04/07/2020

SBA Office Code

0988

Processing Method

PPP

Borrower Name

MAGNUM ENGINEERING, INC.

Borrower Address

2439 S. 49th Avenue

Borrower City

PHOENIX

Borrower State

AZ

Borrower Zip

85043-8107

Loan Status Date

03/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

362700.00

Current Approval Amount

362700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

224982

Servicing Lender Name

BNC National Bank

Servicing Lender Address

20175 N 67th Ave

Servicing Lender City

GLENDALE

Servicing Lender State

AZ

Servicing Lender Zip

85308-7000

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

PHOENIX

Project County Name

MARICOPA

Project State

AZ

Project Zip

85043-8107

CD

AZ-03

Jobs Reported

43

NAICS Code

332323

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

13000.00

Payroll Proceed

280700.00

Mortgage Interest Proceed

0.00

Rent Proceed

45000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

24000.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

224982

Originating Lender

BNC National Bank

Originating Lender City

GLENDALE

Originating Lender State

AZ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

365571.37

Forgiveness Date

02/04/2021

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