Magton INC

$429,670 PPP Loan in Ocean City, New Jersey

Loan Details

Loan Number
2619598409
Date Approved
Feb 3, 2021
Loan Status
Paid in Full
Initial Approval
$429,670
Current Approval
$429,670
Forgiveness Amount
$432,785
Forgiveness Date
Oct 29, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Magton INC
Address
1280 Boardwalk
ZIP Code
08226-3241
Business Type
Subchapter S Corporation
Industry (NAICS)
Accommodation and Food Services (721110)
Business Age
Existing or more than 2 years old
Jobs Reported
39
Estimated Revenue
$12.2M
Rural/Urban
Urban
Congressional District
NJ-02

Loan Use Breakdown

Payroll
$429,669
Utilities
$1

Lender Information

Servicing Lender
Pnc Bank, National Association
Originating Lender
Pnc Bank, National Association

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