PPP Loan information for Magothy electric company, inc.

$109,400

Magothy electric company, inc. was initially approved for PPP Loan of amount $109,400, the current approved amount is $109,400. The loan was approved on 04/29/2020 by The Manufacturers and Traders Trust Company reported 11 jobs and $109,400 was used to fund payroll.

Magothy electric company, inc. is Existing or more than 2 years old

PPP Loan Search / MD / Pasadena / Magothy electric company, inc.

MAGOTHY ELECTRIC COMPANY, INC.

Date Approved

04/29/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

MAGOTHY ELECTRIC COMPANY, INC.

Borrower Address

8232 A Old Mill Rd

Borrower City

Pasadena

Borrower State

MD

Borrower Zip

21122

Loan Status Date

04/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

109400.00

Current Approval Amount

109400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

46391

Servicing Lender Name

Manufacturers and Traders Trust Company

Servicing Lender Address

One M & T Plaza, 15th Fl

Servicing Lender City

BUFFALO

Servicing Lender State

NY

Servicing Lender Zip

14203

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Pasadena

Project County Name

ANNE ARUNDEL

Project State

MD

Project Zip

21122-0001

CD

MD-03

Jobs Reported

11

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

258.00

Payroll Proceed

101142.00

Mortgage Interest Proceed

0.00

Rent Proceed

4400.00

Refinance EIDL Proceed

0.00

Health Care Proceed

3600.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

46391

Originating Lender

Manufacturers and Traders Trust Company

Originating Lender City

BUFFALO

Originating Lender State

NY

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

110377.11

Forgiveness Date

03/24/2021

;