PPP Loan information for Magnolia cleaners inc.

$28,500

Magnolia cleaners inc. was initially approved for PPP Loan of amount $28,500, the current approved amount is $28,500. The loan was approved on 01/17/2021 by The First Choice Bank reported 6 jobs and $28,500 was used to fund payroll.

Magnolia cleaners inc. is Existing or more than 2 years old

PPP Loan Search / MS / Pontotoc / Magnolia cleaners inc.

MAGNOLIA CLEANERS INC.

Date Approved

01/17/2021

SBA Office Code

0470

Processing Method

PPS

Borrower Name

MAGNOLIA CLEANERS INC.

Borrower Address

289 W Oxford St

Borrower City

Pontotoc

Borrower State

MS

Borrower Zip

38863-1919

Loan Status Date

08/24/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

28500.00

Current Approval Amount

28500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39688

Servicing Lender Name

First Choice Bank

Servicing Lender Address

19 S Main St

Servicing Lender City

PONTOTOC

Servicing Lender State

MS

Servicing Lender Zip

38863-2821

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Pontotoc

Project County Name

PONTOTOC

Project State

MS

Project Zip

38863-1919

CD

MS-01

Jobs Reported

6

NAICS Code

812320

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

28500.00

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

39688

Originating Lender

First Choice Bank

Originating Lender City

PONTOTOC

Originating Lender State

MS

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

28642.50

Forgiveness Date

07/21/2021

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