PPP Loan information for Mgb inc.

$57,925

Mgb inc. was initially approved for PPP Loan of amount $57,925, the current approved amount is $57,925. The loan was approved on 01/21/2021 by The New Valley Bank & Trust reported 30 jobs and $57,925 was used to fund payroll.

Mgb inc. is Existing or more than 2 years old

PPP Loan Search / MA / Springfield / Mgb inc.

MGB INC.

Date Approved

01/21/2021

SBA Office Code

0130

Processing Method

PPS

Borrower Name

MGB INC.

Borrower Address

1380 Main St

Borrower City

Springfield

Borrower State

MA

Borrower Zip

01103-1655

Loan Status Date

11/09/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

57924.76

Current Approval Amount

57924.76

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

526572

Servicing Lender Name

New Valley Bank & Trust

Servicing Lender Address

One Monarch Place Suite 910

Servicing Lender City

Springfield

Servicing Lender State

MA

Servicing Lender Zip

01144

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Springfield

Project County Name

HAMPDEN

Project State

MA

Project Zip

01103-1655

CD

MA-01

Jobs Reported

30

NAICS Code

722320

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

57921.76

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

526572

Originating Lender

New Valley Bank & Trust

Originating Lender City

Springfield

Originating Lender State

MA

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

58916.62

Forgiveness Date

10/14/2022

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