PPP Loan information for Magnolia electric and construction llc

$25,000

Magnolia electric and construction llc was initially approved for PPP Loan of amount $25,000, the current approved amount is $25,000. The loan was approved on 01/29/2021 by The Loan Source Incorporated reported 2 jobs and $25,000 was used to fund payroll.

Magnolia electric and construction llc is Existing or more than 2 years old

PPP Loan Search / MS / Brookhaven / Magnolia electric and construction llc

MAGNOLIA ELECTRIC AND CONSTRUCTION LLC

Date Approved

01/29/2021

SBA Office Code

0470

Processing Method

PPP

Borrower Name

MAGNOLIA ELECTRIC AND CONSTRUCTION LLC

Borrower Address

1116 Monticello St NE

Borrower City

Brookhaven

Borrower State

MS

Borrower Zip

39601-3567

Loan Status Date

04/19/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

25000.00

Current Approval Amount

25000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

188567

Servicing Lender Name

Loan Source Incorporated

Servicing Lender Address

353 East 83rd Street Suite 3H

Servicing Lender City

NEW YORK

Servicing Lender State

NY

Servicing Lender Zip

10028

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Brookhaven

Project County Name

LINCOLN

Project State

MS

Project Zip

39601-3567

CD

MS-03

Jobs Reported

2

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

25000.00

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

39334

Originating Lender

Trustmark National Bank

Originating Lender City

JACKSON

Originating Lender State

MS

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

25263.70

Forgiveness Date

03/02/2022

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