PPP Loan information for Magnum system inc.

$1,268,025

Magnum system inc. was initially approved for PPP Loan of amount $1,268,025, the current approved amount is $1,268,025. The loan was approved on 04/27/2020 by The Commercial Bank reported 85 jobs and $1,268,025 was used to fund payroll.

Magnum system inc. is Existing or more than 2 years old

PPP Loan Search / KS / Parsons / Magnum system inc.

MAGNUM SYSTEM INC.

Date Approved

04/27/2020

SBA Office Code

0709

Processing Method

PPP

Borrower Name

MAGNUM SYSTEM INC.

Borrower Address

2205 Jothi Ave

Borrower City

Parsons

Borrower State

KS

Borrower Zip

67357

Loan Status Date

12/24/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1268025.00

Current Approval Amount

1268025.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

26331

Servicing Lender Name

Commercial Bank

Servicing Lender Address

1901 Main St

Servicing Lender City

PARSONS

Servicing Lender State

KS

Servicing Lender Zip

67357-3336

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Parsons

Project County Name

LABETTE

Project State

KS

Project Zip

67357-0001

CD

KS-02

Jobs Reported

85

NAICS Code

333993

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1268025.00

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

26331

Originating Lender

Commercial Bank

Originating Lender City

PARSONS

Originating Lender State

KS

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1275280.92

Forgiveness Date

11/23/2020

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