PPP Loan information for Magness oil company

$1,262,700

Magness oil company was initially approved for PPP Loan of amount $1,262,700, the current approved amount is $1,262,700. The loan was approved on 04/04/2020 by The FNBC Bank reported 125 jobs and $1,262,700 was used to fund payroll.

Magness oil company is Existing or more than 2 years old

PPP Loan Search / AR / GASSVILLE / Magness oil company

MAGNESS OIL COMPANY

Date Approved

04/04/2020

SBA Office Code

0669

Processing Method

PPP

Borrower Name

MAGNESS OIL COMPANY

Borrower Address

167 TUCKER CEMETERY RD

Borrower City

GASSVILLE

Borrower State

AR

Borrower Zip

72635-8701

Loan Status Date

02/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1262700.00

Current Approval Amount

1262700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

4099

Servicing Lender Name

FNBC Bank

Servicing Lender Address

636 Ash Flat Dr

Servicing Lender City

ASH FLAT

Servicing Lender State

AR

Servicing Lender Zip

72513-9428

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GASSVILLE

Project County Name

BAXTER

Project State

AR

Project Zip

72635-8701

CD

AR-01

Jobs Reported

125

NAICS Code

447110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1221000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

41700.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

4099

Originating Lender

FNBC Bank

Originating Lender City

ASH FLAT

Originating Lender State

AR

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1272100.10

Forgiveness Date

01/07/2021

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