PPP Loan information for West coast magnetics

$735,243

West coast magnetics was initially approved for PPP Loan of amount $778,622, the current approved amount is $735,243. The loan was approved on 04/13/2020 by The Farmers & Merchants Bank of Central California reported 96 jobs and $735,243 was used to fund payroll.

West coast magnetics is Existing or more than 2 years old

PPP Loan Search / CA / STOCKTON / West coast magnetics

WEST COAST MAGNETICS

Date Approved

04/13/2020

SBA Office Code

0931

Processing Method

PPP

Borrower Name

WEST COAST MAGNETICS

Borrower Address

4848 FRONTIER WAY

Borrower City

STOCKTON

Borrower State

CA

Borrower Zip

95215-8348

Loan Status Date

04/27/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

778622.10

Current Approval Amount

735243.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

5461

Servicing Lender Name

Farmers & Merchants Bank of Central California

Servicing Lender Address

121 W Pine St

Servicing Lender City

LODI

Servicing Lender State

CA

Servicing Lender Zip

95240-2110

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

STOCKTON

Project County Name

SAN JOAQUIN

Project State

CA

Project Zip

95215-8348

CD

CA-09

Jobs Reported

96

NAICS Code

334419

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

735243.00

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

5461

Originating Lender

Farmers & Merchants Bank of Central California

Originating Lender City

LODI

Originating Lender State

CA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

741709.11

Forgiveness Date

03/09/2021

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