Magnum Industrial Power, LLC

$82,731 PPP Loan in Lawson, Missouri

Loan Details

Loan Number
6404737201
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$82,731
Current Approval
$82,731
Forgiveness Amount
$83,550
Forgiveness Date
Jun 10, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Magnum Industrial Power, LLC
Address
7108 SE US Hwy 69
City
Lawson
ZIP Code
64062
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Wholesale Trade (424990)
Business Age
Existing or more than 2 years old
Jobs Reported
6
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MO-06

Loan Use Breakdown

Payroll
$62,048
Utilities
$10,341
Mortgage Interest
$10,341

Lender Information

Servicing Lender
Verimore Bank
Originating Lender
Verimore Bank

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