Magic City Motorcars, INC

$115,100 PPP Loan in Barberton, Ohio

Loan Details

Loan Number
8506907302
Date Approved
May 1, 2020
Loan Status
Paid in Full
Initial Approval
$115,100
Current Approval
$115,100
Forgiveness Amount
$116,235
Forgiveness Date
Apr 22, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Magic City Motorcars, INC
Address
993 Wooster Rd W
State
Ohio
ZIP Code
44203-7150
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441120)
Business Age
Unanswered
Jobs Reported
12
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
OH-13

Loan Use Breakdown

Payroll
$87,600
Rent
$8,600
Utilities
$3,000
Health Care
$13,700
Mortgage Interest
$200
Debt Interest
$2,000

Lender Information

Servicing Lender
Civista Bank
Originating Lender
Civista Bank

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