Magneticwheels Enterprises Inc.

$250,000 PPP Loan in Durham, North Carolina

Loan Details

Loan Number
1282358602
Date Approved
Mar 13, 2021
Loan Status
Paid in Full
Initial Approval
$250,000
Current Approval
$250,000
Forgiveness Amount
$252,896
Forgiveness Date
May 10, 2022
Term
60 months
Draw
Second Draw

Business Information

Business Name
Magneticwheels Enterprises Inc.
Address
644 Foster St
City
Durham
ZIP Code
27701-2109
Business Type
Corporation
Industry (NAICS)
Accommodation and Food Services (722511)
Business Age
Existing or more than 2 years old
Jobs Reported
16
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
NC-04

Loan Use Breakdown

Payroll
$249,995
Utilities
$1

Lender Information

Servicing Lender
Truist Bank
Originating Lender
Truist Bank

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