Magellan Concrete Structures 1 Corp

$2,982,800 PPP Loan in Brooklyn, New York

Loan Details

Loan Number
2181237306
Date Approved
Apr 29, 2020
Loan Status
Paid in Full
Initial Approval
$2,982,800
Current Approval
$2,982,800
Forgiveness Amount
$3,015,528
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Magellan Concrete Structures 1 Corp
Address
233 Powell Street
ZIP Code
11212
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238110)
Business Age
Existing or more than 2 years old
Jobs Reported
270
Estimated Revenue
$62.5M
Rural/Urban
Urban
Congressional District
NY-09

Loan Use Breakdown

Payroll
$2,982,800

Lender Information

Servicing Lender
Capital One, National Association
Originating Lender
Capital One, National Association

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