PPP Loan information for Magnolia beverage company inc

$412,100

Magnolia beverage company inc was initially approved for PPP Loan of amount $412,100, the current approved amount is $412,100. The loan was approved on 04/10/2020 by The BankPlus reported 56 jobs and $412,100 was used to fund payroll.

Magnolia beverage company inc is Existing or more than 2 years old

PPP Loan Search / MS / MERIDIAN / Magnolia beverage company inc

MAGNOLIA BEVERAGE COMPANY INC

Date Approved

04/10/2020

SBA Office Code

0470

Processing Method

PPP

Borrower Name

MAGNOLIA BEVERAGE COMPANY INC

Borrower Address

2668 SAINT ANDREWS ST

Borrower City

MERIDIAN

Borrower State

MS

Borrower Zip

39301-6468

Loan Status Date

02/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

412100.00

Current Approval Amount

412100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39099

Servicing Lender Name

BankPlus

Servicing Lender Address

202 E Jackson St

Servicing Lender City

BELZONI

Servicing Lender State

MS

Servicing Lender Zip

39038-3524

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MERIDIAN

Project County Name

LAUDERDALE

Project State

MS

Project Zip

39301-6468

CD

MS-03

Jobs Reported

56

NAICS Code

424810

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

12000.00

Payroll Proceed

341100.00

Mortgage Interest Proceed

0.00

Rent Proceed

27000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

32000.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

39099

Originating Lender

BankPlus

Originating Lender City

BELZONI

Originating Lender State

MS

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

415202.20

Forgiveness Date

01/12/2021

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