PPP Loan information for Magnolia contractor services inc

$617,300

Magnolia contractor services inc was initially approved for PPP Loan of amount $617,300, the current approved amount is $617,300. The loan was approved on 04/07/2020 by The PriorityOne Bank reported 59 jobs and $617,300 was used to fund payroll.

Magnolia contractor services inc is Existing or more than 2 years old

PPP Loan Search / MS / SUMRALL / Magnolia contractor services inc

MAGNOLIA CONTRACTOR SERVICES INC

Date Approved

04/07/2020

SBA Office Code

0470

Processing Method

PPP

Borrower Name

MAGNOLIA CONTRACTOR SERVICES INC

Borrower Address

1438 HIGHWAY 42

Borrower City

SUMRALL

Borrower State

MS

Borrower Zip

39482-5047

Loan Status Date

05/25/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

617300.00

Current Approval Amount

617300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39546

Servicing Lender Name

PriorityOne Bank

Servicing Lender Address

220 Main Ave N

Servicing Lender City

MAGEE

Servicing Lender State

MS

Servicing Lender Zip

39111-3536

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SUMRALL

Project County Name

LAMAR

Project State

MS

Project Zip

39482-5047

CD

MS-04

Jobs Reported

59

NAICS Code

238290

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

617300.00

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

Corporation

Originating Lender Location Id

39546

Originating Lender

PriorityOne Bank

Originating Lender City

MAGEE

Originating Lender State

MS

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

623760.51

Forgiveness Date

05/05/2021

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