Magnum Precision Machines

$262,493 PPP Loan in Albuquerque, New Mexico

Loan Details

Loan Number
6037698500
Date Approved
Mar 2, 2021
Loan Status
Paid in Full
Initial Approval
$262,493
Current Approval
$262,493
Forgiveness Amount
$264,125
Forgiveness Date
Oct 22, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Magnum Precision Machines
Address
8448 Washington Pl NE
ZIP Code
87113-1671
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423830)
Business Age
Existing or more than 2 years old
Jobs Reported
17
Estimated Revenue
$5.2M
Rural/Urban
Urban
Congressional District
NM-01

Loan Use Breakdown

Payroll
$262,493

Lender Information

Servicing Lender
Htlf Bank
Originating Lender
New Mexico Bank and Trust, a Division of Htlf Bank

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