PPP Loan information for Magnum precision machines

$262,493

Magnum precision machines was initially approved for PPP Loan of amount $262,493, the current approved amount is $262,493. The loan was approved on 03/02/2021 by The New Mexico Bank & Trust reported 17 jobs and $262,493 was used to fund payroll.

Magnum precision machines is Existing or more than 2 years old

PPP Loan Search / NM / Albuquerque / Magnum precision machines

MAGNUM PRECISION MACHINES

Date Approved

03/02/2021

SBA Office Code

0682

Processing Method

PPS

Borrower Name

MAGNUM PRECISION MACHINES

Borrower Address

8448 Washington Pl NE

Borrower City

Albuquerque

Borrower State

NM

Borrower Zip

87113-1671

Loan Status Date

11/06/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

262493.00

Current Approval Amount

262493.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122820

Servicing Lender Name

New Mexico Bank & Trust

Servicing Lender Address

320 Gold SW, Ste 100

Servicing Lender City

ALBUQUERQUE

Servicing Lender State

NM

Servicing Lender Zip

87102-3240

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Albuquerque

Project County Name

BERNALILLO

Project State

NM

Project Zip

87113-1671

CD

NM-01

Jobs Reported

17

NAICS Code

423830

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

262493.00

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

122820

Originating Lender

New Mexico Bank & Trust

Originating Lender City

ALBUQUERQUE

Originating Lender State

NM

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

264125.49

Forgiveness Date

10/22/2021

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