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Mag Insulation INC

$85,750 PPP Loan in Auburn, Michigan

Loan Details

Loan Number
5888307006
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$85,750
Current Approval
$85,750
Forgiveness Amount
$86,377
Forgiveness Date
Jan 7, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Mag Insulation INC
Address
4527 S. Garfield Rd
City
Auburn
State
Michigan
ZIP Code
48611-8502
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238310)
Business Age
Existing or more than 2 years old
Jobs Reported
6
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MI-08

Loan Use Breakdown

Payroll
$54,450
Rent
$8,500
Utilities
$2,300
Health Care
$20,500

Lender Information

Servicing Lender
Isabella Bank
Originating Lender
Isabella Bank

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