Mg Electric Inc.

$24,500 PPP Loan in Sac City, Iowa

Loan Details

Loan Number
1805897103
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$24,500
Current Approval
$24,500
Forgiveness Amount
$24,675
Forgiveness Date
Dec 31, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Mg Electric Inc.
Address
2684 Sierra Ave
State
Iowa
ZIP Code
50583-7623
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
5
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
IA-04

Loan Use Breakdown

Payroll
$24,500

Lender Information

Servicing Lender
Iowa State Bank
Originating Lender
Iowa State Bank

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