Date Approved
04/10/2020
SBA Office Code
0679
Processing Method
PPP
Borrower Name
MAGNOLIA ENTERPRISES INC
Borrower Address
365 Canal Street Suite 2800
Borrower City
New Orleans
Borrower State
LA
Borrower Zip
70130-1058
Loan Status Date
04/20/2022
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
875547.45
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
39099
Servicing Lender Name
BankPlus
Servicing Lender Address
202 E Jackson St
Servicing Lender City
BELZONI
Servicing Lender State
MS
Servicing Lender Zip
39038-3524
Rural Urban Indicator
U
Hubzone Indicator
Y
HLMI Indicator
N
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
ORLEANS
Project State
Project Zip
CD
LA-02
Jobs Reported
125
NAICS Code
448190
Race
Unanswered
Ethnicity
Unknown/NotStated
Utilities Proceed
218011.31
Payroll Proceed
657536.14
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non Profit
Forgiveness Amount
829025.63
Forgiveness Date
09/20/2021