PPP Loan information for The magnet company, inc.

$62,076

The magnet company, inc. was initially approved for PPP Loan of amount $62,076, the current approved amount is $62,076. The loan was approved on 04/15/2020 by The First Guaranty Bank reported 32 jobs and $62,076 was used to fund payroll.

The magnet company, inc. is Existing or more than 2 years old

PPP Loan Search / LA / HAMMOND / The magnet company, inc.

THE MAGNET COMPANY, INC.

Date Approved

04/15/2020

SBA Office Code

0679

Processing Method

PPP

Borrower Name

THE MAGNET COMPANY, INC.

Borrower Address

1236 S. MORRISON BLVD

Borrower City

HAMMOND

Borrower State

LA

Borrower Zip

70403-5702

Loan Status Date

02/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

62076.00

Current Approval Amount

62076.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

28259

Servicing Lender Name

First Guaranty Bank

Servicing Lender Address

400 E Thomas St

Servicing Lender City

HAMMOND

Servicing Lender State

LA

Servicing Lender Zip

70401-3320

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

HAMMOND

Project County Name

TANGIPAHOA

Project State

LA

Project Zip

70403-5702

CD

LA-05

Jobs Reported

32

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

62076.00

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

28259

Originating Lender

First Guaranty Bank

Originating Lender City

HAMMOND

Originating Lender State

LA

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

62535.19

Forgiveness Date

01/20/2021

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