PPP Loan information for Magnolia community services, inc.

$1,541,745

Magnolia community services, inc. was initially approved for PPP Loan of amount $1,541,745, the current approved amount is $1,541,745. The loan was approved on 04/15/2020 by The Hancock Whitney Bank reported 149 jobs and $1,541,745 was used to fund payroll.

Magnolia community services, inc. is Existing or more than 2 years old

PPP Loan Search / LA / NEW ORLEANS / Magnolia community services, inc.

MAGNOLIA COMMUNITY SERVICES, INC.

Date Approved

04/15/2020

SBA Office Code

0679

Processing Method

PPP

Borrower Name

MAGNOLIA COMMUNITY SERVICES, INC.

Borrower Address

100 CENTRAL AVE

Borrower City

NEW ORLEANS

Borrower State

LA

Borrower Zip

70121

Loan Status Date

04/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1541745.00

Current Approval Amount

1541745.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39232

Servicing Lender Name

Hancock Whitney Bank

Servicing Lender Address

2510 14th St One Hancock Plz

Servicing Lender City

GULFPORT

Servicing Lender State

MS

Servicing Lender Zip

39501

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NEW ORLEANS

Project County Name

JEFFERSON

Project State

LA

Project Zip

70121-0001

CD

LA-01

Jobs Reported

149

NAICS Code

623210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1541745.00

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

Non-Profit Organization

Originating Lender Location Id

39232

Originating Lender

Hancock Whitney Bank

Originating Lender City

GULFPORT

Originating Lender State

MS

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

1556434.40

Forgiveness Date

03/31/2021

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