PPP Loan information for Magnolia construction llc

$355,400

Magnolia construction llc was initially approved for PPP Loan of amount $355,400, the current approved amount is $355,400. The loan was approved on 04/09/2020 by The Truist Bank reported 26 jobs and $355,400 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

04/09/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

MAGNOLIA CONSTRUCTION LLC

Borrower Address

514 STRATFORD RD

Borrower City

WINSTON SALEM

Borrower State

NC

Borrower Zip

27103-1889

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

355400.00

Current Approval Amount

355400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

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

26

NAICS Code

236220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

355400.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

357818.69

Forgiveness Date

12/23/2020

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