Current business record

MG ELECTRIC INC.

We found 2 public loan records at or above $150,000 in the current SBA release.

This is a historical government-data listing. It does not establish wrongdoing, eligibility, forgiveness, or the final amount disbursed.

Loan 1

$350,000–1 million
Filed business name
MG ELECTRIC INC.
Approval date
Apr 14, 2020
Initial approval amount
$704,200.00
Current approval amount
$704,200.00
Loan status
Paid in Full (Jul 29, 2021)
Forgiveness amount
$712,168.07
Jobs reported
65
Address
39360 3rd Street East #201
Palmdale, CA 93550
Lender
Readycap Lending, LLC
NAICS code
453998
Business type
Corporation
Congressional district
CA-27

Loan 2

$350,000–1 million
Filed business name
MG ELECTRIC INC.
Approval date
Mar 12, 2021
Initial approval amount
$687,700.00
Current approval amount
$687,700.00
Loan status
Paid in Full (Jan 22, 2022)
Forgiveness amount
$692,711.73
Jobs reported
65
Address
39360 3rd St E # 201 39360 3rd St E 201
Palmdale, CA 93550-3255
Lender
Readycap Lending, LLC
NAICS code
238210
Business type
Corporation
Congressional district
CA-27