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  5. M.G. SYSTEMS INC.

M.G. SYSTEMS INC.

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Company Details

Name: M.G. SYSTEMS INC.
Jurisdiction: New York
Legal type: DOMESTIC BUSINESS CORPORATION
Status: Active
Date of registration: 15 Jul 1999 (26 years ago)
Entity Number: 2399065
ZIP code: 11563
County: Nassau
Place of Formation: New York
Address: 340 BROADWAY, LYNBROOK, NY, United States, 11563

Shares Details

Shares issued 200

Share Par Value 0

Type NO PAR VALUE

DOS Process Agent

Name Role Address
M.G> SYSTEMS INC. DOS Process Agent 340 BROADWAY, LYNBROOK, NY, United States, 11563

Chief Executive Officer

Name Role Address
JOSEPH MOREO Chief Executive Officer 340 BROADWAY, LYNBROOK, NY, United States, 11563

Form 5500 Series

Employer Identification Number (EIN):
113500584
Plan Year:
2023
Number Of Participants:
4
Sponsors Telephone Number:
5165995588
File:
View File
Plan Year:
2022
Number Of Participants:
3
Sponsors Telephone Number:
5165995588
File:
View File
Plan Year:
2021
Number Of Participants:
3
Sponsors Telephone Number:
5165995588
File:
View File
Plan Year:
2020
Number Of Participants:
3
Sponsors Telephone Number:
5165995588
File:
View File
Plan Year:
2019
Number Of Participants:
1
Sponsors Telephone Number:
5165995588
File:
View File

Filings

Filing Number Date Filed Type Effective Date
220824003420 2022-08-24 BIENNIAL STATEMENT 2021-07-01
130801002104 2013-08-01 BIENNIAL STATEMENT 2013-07-01
110801002161 2011-08-01 BIENNIAL STATEMENT 2011-07-01
090728003279 2009-07-28 BIENNIAL STATEMENT 2009-07-01
070720003011 2007-07-20 BIENNIAL STATEMENT 2007-07-01

USAspending Awards / Financial Assistance

Date:
2022-11-22
Link:
View on USAspending
Awarding Agency Name:
Small Business Administration
Transaction Description:
AWARDTYPE: GUARANTEED/INSURED LOANS ACTIVITIES TO BE PERFORMED: TO PROVIDE GUARANTEED LOANS FROM LENDERS TO ELIGIBLE FOR PROFIT SMALL BUSINESSES WHICH ARE UNABLE TO OBTAIN FINANCING IN THE PRIVATE CREDIT MARKETPLACE BUT CAN DEMONSTRATE AN ABILITY TO REPAY LOANS IF GRANTED, IN A TIMELY MANNER. THE SBA GUARANTEES 7(A) PROGRAM LOANS THROUGH VARIOUS LOAN PROCESSING METHODS INCLUDING: (1) STANDARD 7(A) LOANS; (2) 7(A) SMALL LOANS; (3) SBAEXPRESS LOANS; (4) CAPLINE LOANS; (5) THE QUALIFIED EMPLOYEE TRUSTS (ESOP); (6) EXPORT EXPRESS; (7)EXPORT WORKING CAPITAL PROGRAM (EWCP); (8) INTERNATIONAL TRADE, AND (9) PILOT (TEMPORARY) PROGRAMS. DELIVERABLES: LOAN GUARANTEES EXPECTED OUTCOMES: TO PROVIDE GUARANTEED LOANS FROM LENDERS TO ELIGIBLE FOR PROFIT SMALL BUSINESSES AND, IN CERTAIN CIRCUMSTANCES, TO QUALIFIED EMPLOYEE TRUSTS (ESOPS). INTENDED BENEFICIARIES: SMALL BUSINESSES SUBRECIPIENT ACTIVITIES: NA
Obligated Amount:
0.00
Face Value Of Loan:
70000.00
Total Face Value Of Loan:
70000.00

Paycheck Protection Program

Jobs Reported:
5
Initial Approval Amount:
$36,237
Date Approved:
2021-02-24
Loan Status:
Paid in Full
SBA Guaranty Percentage:
100
Current Approval Amount:
$36,237
Race:
White
Ethnicity:
Not Hispanic or Latino
Gender:
Male Owned
Veteran:
Non-Veteran
Forgiveness Amount:
$36,622.52
Servicing Lender:
American Community Bank
Use of Proceeds:
Payroll: $36,235
Utilities: $1
Jobs Reported:
5
Initial Approval Amount:
$36,200
Date Approved:
2020-05-01
Loan Status:
Paid in Full
SBA Guaranty Percentage:
100
Current Approval Amount:
$36,200
Race:
White
Ethnicity:
Not Hispanic or Latino
Gender:
Male Owned
Veteran:
Non-Veteran
Forgiveness Amount:
$36,618.31
Servicing Lender:
Citibank, N.A.
Use of Proceeds:
Payroll: $36,200

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Date of last update: 31 Mar 2025

Sources: New York Secretary of State

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