PPP Loan information for Magnolia college of cosmetology

$88,472

Magnolia college of cosmetology was initially approved for PPP Loan of amount $88,472, the current approved amount is $88,472. The loan was approved on 04/14/2020 by The The Citizens National Bank of Meridian reported 14 jobs and $88,472 was used to fund payroll.

Magnolia college of cosmetology is Existing or more than 2 years old

PPP Loan Search / MS / JACKSON / Magnolia college of cosmetology

MAGNOLIA COLLEGE OF COSMETOLOGY

Date Approved

04/14/2020

SBA Office Code

0470

Processing Method

PPP

Borrower Name

MAGNOLIA COLLEGE OF COSMETOLOGY

Borrower Address

4725 I 55 N

Borrower City

JACKSON

Borrower State

MS

Borrower Zip

39206-5602

Loan Status Date

03/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

88472.00

Current Approval Amount

88472.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39604

Servicing Lender Name

The Citizens National Bank of Meridian

Servicing Lender Address

512 22nd Ave

Servicing Lender City

MERIDIAN

Servicing Lender State

MS

Servicing Lender Zip

39301-5853

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

JACKSON

Project County Name

HINDS

Project State

MS

Project Zip

39206-5602

CD

MS-02

Jobs Reported

14

NAICS Code

611511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

8847.20

Payroll Proceed

70777.60

Mortgage Interest Proceed

8847.20

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

39604

Originating Lender

The Citizens National Bank of Meridian

Originating Lender City

MERIDIAN

Originating Lender State

MS

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

89260.88

Forgiveness Date

03/05/2021

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