PPP Loan information for Magnolia electric co

$310,900

Magnolia electric co was initially approved for PPP Loan of amount $310,900, the current approved amount is $310,900. The loan was approved on 04/16/2020 by The Regions Bank reported 21 jobs and $310,900 was used to fund payroll.

Magnolia electric co is Existing or more than 2 years old

PPP Loan Search / MS / Flowood / Magnolia electric co

MAGNOLIA ELECTRIC CO

Date Approved

04/16/2020

SBA Office Code

0470

Processing Method

PPP

Borrower Name

MAGNOLIA ELECTRIC CO

Borrower Address

23 OLD HIGHWAY 49 S

Borrower City

Flowood

Borrower State

MS

Borrower Zip

39232-4317

Loan Status Date

12/16/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

310900.00

Current Approval Amount

310900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

2408

Servicing Lender Name

Regions Bank

Servicing Lender Address

1900 Fifth Avenue North

Servicing Lender City

BIRMINGHAM

Servicing Lender State

AL

Servicing Lender Zip

35203

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Flowood

Project County Name

RANKIN

Project State

MS

Project Zip

39232-4317

CD

MS-03

Jobs Reported

21

NAICS Code

238210

Race

American Indian or Alaska Native

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

310900.00

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

2408

Originating Lender

Regions Bank

Originating Lender City

BIRMINGHAM

Originating Lender State

AL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

312688.74

Forgiveness Date

11/23/2020

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