PPP Loan information for Magnolia construction, llc

$127,400

Magnolia construction, llc was initially approved for PPP Loan of amount $127,500, the current approved amount is $127,400. The loan was approved on 04/07/2020 by The Sandy Spring Bank reported 14 jobs and $127,400 was used to fund payroll.

Magnolia construction, llc is Existing or more than 2 years old

PPP Loan Search / MD / DAVIDSONVILLE / Magnolia construction, llc

MAGNOLIA CONSTRUCTION, LLC

Date Approved

04/07/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

MAGNOLIA CONSTRUCTION, LLC

Borrower Address

1272 Governor Bridge Rd

Borrower City

DAVIDSONVILLE

Borrower State

MD

Borrower Zip

21035-1507

Loan Status Date

03/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

127500.00

Current Approval Amount

127400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

30872

Servicing Lender Name

Sandy Spring Bank

Servicing Lender Address

17801 Georgia Ave

Servicing Lender City

OLNEY

Servicing Lender State

MD

Servicing Lender Zip

20832-2233

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DAVIDSONVILLE

Project County Name

ANNE ARUNDEL

Project State

MD

Project Zip

21035-1507

CD

MD-05

Jobs Reported

14

NAICS Code

238990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

127400.00

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

30872

Originating Lender

Sandy Spring Bank

Originating Lender City

OLNEY

Originating Lender State

MD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

128454.10

Forgiveness Date

02/11/2021

;