Mag Ventures, LLC
$848,500 PPP Loan in East Providence, Rhode Island
Loan Details
- Loan Number
- 4489407010
- Date Approved
- Apr 3, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $848,500
- Current Approval
- $1,074,515
- Forgiveness Amount
- $1,087,588
- Forgiveness Date
- Jun 28, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Mag Ventures, LLC
- Address
- 415 Taunton Ave
- City
- East Providence
- State
- Rhode Island
- ZIP Code
- 02914-2633
- Business Type
- Limited Liability Company(llc)
- Industry (NAICS)
- Retail Trade (441110)
- Franchise
- Toyota Motors Sales, U.s.a., Inc. - Dealer Agreement
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 78
- Estimated Revenue
- $19.7M
- Rural/Urban
- Urban
- Congressional District
- RI-01
Loan Use Breakdown
- Payroll
- $944,515
- Rent
- $100,000
- Utilities
- $30,000
Lender Information
- Servicing Lender
- Mechanics Cooperative Bank
- Originating Lender
- Mechanics Cooperative Bank
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