Magna Motors, Inc.

$409,640 PPP Loan in Evansville, Indiana

Loan Details

Loan Number
1426907104
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$409,640
Current Approval
$409,640
Forgiveness Amount
$414,758
Forgiveness Date
Jul 14, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Magna Motors, Inc.
Address
4500 Division St. 0.0
State
Indiana
ZIP Code
47715-8613
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
36
Estimated Revenue
$9.1M
Rural/Urban
Urban
Congressional District
IN-08

Loan Use Breakdown

Payroll
$409,640

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

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