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Magnum Solvent, Inc.

$180,000 PPP Loan in Kalkaska, Michigan

Loan Details

Loan Number
2046077303
Date Approved
Apr 29, 2020
Loan Status
Paid in Full
Initial Approval
$180,000
Current Approval
$180,000
Forgiveness Amount
$181,095
Forgiveness Date
Dec 10, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Magnum Solvent, Inc.
Address
470 Magnum Dr
City
Kalkaska
State
Michigan
ZIP Code
49646-8346
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (424690)
Business Age
Existing or more than 2 years old
Jobs Reported
14
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MI-01

Loan Use Breakdown

Payroll
$174,000
Utilities
$6,000

Lender Information

Servicing Lender
State Savings Bank
Originating Lender
State Savings Bank

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