PPP Loan information for Magnolia construction llc

$285,165

Magnolia construction llc was initially approved for PPP Loan of amount $285,165, the current approved amount is $285,165. The loan was approved on 02/04/2021 by The First Horizon Bank reported 25 jobs and $285,165 was used to fund payroll.

Magnolia construction llc is Existing or more than 2 years old

PPP Loan Search / NC / Winston Salem / Magnolia construction llc

MAGNOLIA CONSTRUCTION LLC

Date Approved

02/04/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

MAGNOLIA CONSTRUCTION LLC

Borrower Address

514 S Stratford Rd Ste 140

Borrower City

Winston Salem

Borrower State

NC

Borrower Zip

27103-1889

Loan Status Date

01/19/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

285165.00

Current Approval Amount

285165.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

67422

Servicing Lender Name

First Horizon Bank

Servicing Lender Address

165 Madison Ave

Servicing Lender City

MEMPHIS

Servicing Lender State

TN

Servicing Lender Zip

38103-2723

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Winston Salem

Project County Name

FORSYTH

Project State

NC

Project Zip

27103-1889

CD

NC-05

Jobs Reported

25

NAICS Code

236220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

285165.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

67422

Originating Lender

First Horizon Bank

Originating Lender City

MEMPHIS

Originating Lender State

TN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

287470.08

Forgiveness Date

12/06/2021

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