PPP Loan information for Mgl inc.

$16,250

Mgl inc. was initially approved for PPP Loan of amount $16,250, the current approved amount is $16,250. The loan was approved on 03/28/2021 by The Peoples Bank reported 2 jobs and $16,250 was used to fund payroll.

Mgl inc. is Existing or more than 2 years old

PPP Loan Search / IA / Larchwood / Mgl inc.

MGL INC.

Date Approved

03/28/2021

SBA Office Code

0761

Processing Method

PPP

Borrower Name

MGL INC.

Borrower Address

2324 110th St

Borrower City

Larchwood

Borrower State

IA

Borrower Zip

51241-4000

Loan Status Date

09/15/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

16250.00

Current Approval Amount

16250.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25196

Servicing Lender Name

Peoples Bank

Servicing Lender Address

1230 Valley Dr

Servicing Lender City

ROCK VALLEY

Servicing Lender State

IA

Servicing Lender Zip

51247-1538

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Larchwood

Project County Name

LYON

Project State

IA

Project Zip

51241-4000

CD

IA-04

Jobs Reported

2

NAICS Code

112112

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

16247.00

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

25196

Originating Lender

Peoples Bank

Originating Lender City

ROCK VALLEY

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

16316.81

Forgiveness Date

08/27/2021

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