Magnum Home Service & Magnum H

$415,000 PPP Loan in Forney, Texas

Loan Details

Loan Number
2141397107
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$415,000
Current Approval
$343,700
Forgiveness Amount
$346,975
Forgiveness Date
Mar 31, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Magnum Home Service & Magnum H
Address
1254 Fm 740 S
City
Forney
State
Texas
ZIP Code
75126-5302
Business Type
Corporation
Industry (NAICS)
Construction (236118)
Business Age
Existing or more than 2 years old
Jobs Reported
38
Estimated Revenue
$11.5M
Rural/Urban
Urban
Congressional District
TX-05

Loan Use Breakdown

Payroll
$336,181
Rent
$6,400
Utilities
$1,119

Lender Information

Servicing Lender
Independent Bank D/b/a Independent Financial
Originating Lender
Independent Bank D/b/a Independent Financial

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