Magic Electric, Inc.

$73,590 PPP Loan in Mandeville, Louisiana

Loan Details

Loan Number
3165847709
Date Approved
May 1, 2020
Loan Status
Paid in Full
Initial Approval
$73,590
Current Approval
$73,590
Forgiveness Amount
$74,443
Forgiveness Date
Jul 2, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Magic Electric, Inc.
Address
22317 Highway 1088
ZIP Code
70448
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
8
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
LA-01

Loan Use Breakdown

Payroll
$67,690
Rent
$5,000
Utilities
$500
Health Care
$400

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

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