PPP Loan information for Magothy electric companyinc

$86,555

Magothy electric companyinc was initially approved for PPP Loan of amount $86,555, the current approved amount is $86,555. The loan was approved on 01/22/2021 by The Manufacturers and Traders Trust Company reported 7 jobs and $86,555 was used to fund payroll.

Magothy electric companyinc is Existing or more than 2 years old

PPP Loan Search / MD / Pasadena / Magothy electric companyinc

MAGOTHY ELECTRIC COMPANYINC

Date Approved

01/22/2021

SBA Office Code

0373

Processing Method

PPS

Borrower Name

MAGOTHY ELECTRIC COMPANYINC

Borrower Address

8232A Old Mill Rd

Borrower City

Pasadena

Borrower State

MD

Borrower Zip

21122-1206

Loan Status Date

10/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

86555.00

Current Approval Amount

86555.00

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

21122-1206

CD

MD-03

Jobs Reported

7

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

86550.00

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

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

87034.02

Forgiveness Date

08/17/2021

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