PPP Loan information for Magness oil company

$1,293,351

Magness oil company was initially approved for PPP Loan of amount $1,293,351, the current approved amount is $1,293,351. The loan was approved on 01/29/2021 by The FNBC Bank reported 153 jobs and $1,293,351 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

01/29/2021

SBA Office Code

0669

Processing Method

PPS

Borrower Name

MAGNESS OIL COMPANY

Borrower Address

167 Tucker Cemetery Rd

Borrower City

Gassville

Borrower State

AR

Borrower Zip

72635-8701

Loan Status Date

09/17/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1293351.00

Current Approval Amount

1293351.00

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

153

NAICS Code

424720

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1293351.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

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

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1300105.17

Forgiveness Date

08/10/2021

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