PPP Loan information for Majic systems, inc.

$56,700

Majic systems, inc. was initially approved for PPP Loan of amount $56,700, the current approved amount is $56,700. The loan was approved on 04/28/2020 by The Cedar Rapids Bank and Trust Company reported 33 jobs and $56,700 was used to fund payroll.

Majic systems, inc. is Existing or more than 2 years old

PPP Loan Search / IA / SWISHER / Majic systems, inc.

MAJIC SYSTEMS, INC.

Date Approved

04/28/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

MAJIC SYSTEMS, INC.

Borrower Address

2827 120th Street NE

Borrower City

SWISHER

Borrower State

IA

Borrower Zip

52338-9595

Loan Status Date

06/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

56700.00

Current Approval Amount

56700.00

Undisbursed Amount

0.00

Franchise Name

Dairy Queen Operating Agreement

Servicing Lender Location Id

238179

Servicing Lender Name

Cedar Rapids Bank and Trust Company

Servicing Lender Address

500 1st Ave NE

Servicing Lender City

Cedar Rapids

Servicing Lender State

IA

Servicing Lender Zip

52401

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SWISHER

Project County Name

JOHNSON

Project State

IA

Project Zip

52338-9595

CD

IA-01

Jobs Reported

33

NAICS Code

722513

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

56700.00

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

238179

Originating Lender

Cedar Rapids Bank and Trust Company

Originating Lender City

Cedar Rapids

Originating Lender State

IA

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

57274.88

Forgiveness Date

05/06/2021

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