Magney Construction INC
$1,040,100 PPP Loan in Chanhassen, Minnesota
Loan Details
- Loan Number
- 3195197106
- Date Approved
- Apr 11, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $1,040,100
- Current Approval
- $1,040,100
- Forgiveness Amount
- $1,047,150
- Forgiveness Date
- Dec 17, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Magney Construction INC
- Address
- 1401 Park Rd
- City
- Chanhassen
- State
- Minnesota
- ZIP Code
- 55317-9592
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Construction (238990)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 55
- Estimated Revenue
- $18.7M
- Rural/Urban
- Urban
- Congressional District
- MN-06
Loan Use Breakdown
- Payroll
- $891,356
- Rent
- $27,000
- Debt Interest
- $121,744
Lender Information
- Servicing Lender
- Alerus Financial, National Association
- Originating Lender
- Alerus Financial, National Association
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