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MAG Ventures LLC

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Company Details

Name: MAG Ventures LLC
Jurisdiction: Rhode Island
Entity type: Domestic Limited Liability Company
Status: Activ
Date of Organization in Rhode Island: 12 May 2015 (10 years ago)
Identification Number: 001335147
ZIP code: 02917
City: Smithfield
County: Providence County
Purpose: NEW VEHICLE FRANCHISE AUTOMOBILE DEALERSHIP
Fictitious names: Grieco Scion (trading name, 2015-06-18 - )
Metro Scion (trading name, 2015-06-18 - )
Grieco Toyota (trading name, 2015-06-17 - )
Metro Toyota Scion (trading name, 2015-06-10 - )
Principal Address: Google Maps Logo 85 DOUGLAS AVENUE, SMITHFIELD, RI, 02917, USA
Mailing Address: Google Maps Logo 415 TAUNTON AVENUE, EAST PROVIDENCE, RI, 02914, USA

Industry & Business Activity

NAICS

441110 New Car Dealers

This industry comprises establishments primarily engaged in retailing new automobiles and light trucks, such as sport utility vehicles, and passenger and cargo vans, or retailing these new vehicles in combination with activities, such as repair services, retailing used cars, and selling replacement parts and accessories. Learn more at the U.S. Census Bureau

Agent

Name Role Address
SCOTT R. OLENSKI Agent 85 DOUGLAS AVENUE, SMITHFIELD, RI, 02917, USA

Filings

Number Name File Date
202452189810 Annual Report 2024-04-23
202336749170 Annual Report 2023-06-13
202215024040 Annual Report 2022-04-18
202106792500 Annual Report 2021-12-03
202106008250 Revocation Notice For Failure to File An Annual Report 2021-12-03

Uniform Commercial Code

Uniform Commercial Code Summary

Type:
UCC-3 CONTINUATION
UCC Filing Number:
Filing Date:
2025-04-28
Action:
Continuation

Parties

Party Name:
MAG Ventures LLC
Party Role:
Debtor(s)

Uniform Commercial Code Summary

Type:
UCC-1 Standard
UCC Filing Number:
Filing Date:
2022-09-14
Action:
InitialFiling

Parties

Party Name:
MAG Ventures LLC
Party Role:
Debtor(s)
Party Name:
BANK OF AMERICA, N.A.
Party Role:
Secured Parties

Uniform Commercial Code Summary

Type:
UCC-3 CONTINUATION
UCC Filing Number:
Filing Date:
2021-08-23
Action:
Continuation

Parties

Party Name:
MAG Ventures LLC
Party Role:
Debtor(s)

USAspending Awards / Financial Assistance

Business Type:
SMALL BUSINESS
Date:
2020-04-14
Awarding Agency Name:
Small Business Administration
Transaction Description:
TO AID SMALL BUSINESSES IN MAINTAINING WORK FORCE DURING COVID-19 PANDEMIC.
Obligated Amount:
$0
Face Value Of Loan:
$226,015
Total Face Value Of Loan:
$1,074,515

Paycheck Protection Program

Jobs Reported:
78
Initial Approval Amount:
$848,500
Date Approved:
2020-04-03
Loan Status:
Paid in Full
SBA Guaranty Percentage:
100
Current Approval Amount:
$1,074,515
Race:
Unanswered
Ethnicity:
Not Hispanic or Latino
Gender:
Male Owned
Veteran:
Non-Veteran
Forgiveness Amount:
$1,087,588.27
Servicing Lender:
Mechanics Cooperative Bank
Use of Proceeds:
Payroll: $944,515
Utilities: $30,000
Rent: $100,000

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Date of last update: 14 Jul 2025

Sources: Rhode Island Department of State