PPP Loan information for Magnum engineering inc

$373,000

Magnum engineering inc was initially approved for PPP Loan of amount $373,000, the current approved amount is $373,000. The loan was approved on 01/30/2021 by The BNC National Bank reported 39 jobs and $373,000 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

01/30/2021

SBA Office Code

0988

Processing Method

PPS

Borrower Name

MAGNUM ENGINEERING INC

Borrower Address

2439 S 49th Ave

Borrower City

Phoenix

Borrower State

AZ

Borrower Zip

85043-8107

Loan Status Date

04/15/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

373000.00

Current Approval Amount

373000.00

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

39

NAICS Code

332312

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

372997.00

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

224982

Originating Lender

BNC National Bank

Originating Lender City

GLENDALE

Originating Lender State

AZ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

377310.22

Forgiveness Date

03/29/2022

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