ABBOTT MAGIC CO INC (MI) - 2020 PPP Loan Borrower Profile (# 1959428308)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABBOTT MAGIC CO INC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Michigan.

Loan Detail

Loan Number

1959428308

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$5,092

Date Loan was Approved

Jan 20, 2021

Amount Forgiven

$5,124.23

Date Loan was Forgiven

Sep 15, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

5,089

Lender

Sturgis Bank & Trust Company

Business Detail

Business Type

Subchapter S Corporation

NAICS

451120

Borrower Location

Colon, MI

Project Location

Colon, MI

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.