Magnum Precision Machines, Inc.

$262,400 PPP Loan in Albuquerque, New Mexico

Loan Details

Loan Number
2533817101
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$262,400
Current Approval
$262,400
Forgiveness Amount
$265,074
Forgiveness Date
Apr 26, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Magnum Precision Machines, Inc.
Address
8448 Washington Pl NE
ZIP Code
87113-1671
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423830)
Business Age
Existing or more than 2 years old
Jobs Reported
17
Estimated Revenue
$5.2M
Rural/Urban
Urban
Congressional District
NM-01

Loan Use Breakdown

Payroll
$262,400

Lender Information

Servicing Lender
Htlf Bank
Originating Lender
New Mexico Bank and Trust, a Division of Htlf Bank

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