PPP Loan information for Magnolia enterprises inc

$875,547

Magnolia enterprises inc was initially approved for PPP Loan of amount $875,547, the current approved amount is $875,547. The loan was approved on 01/23/2021 by The BankPlus reported 125 jobs and $875,547 was used to fund payroll.

Magnolia enterprises inc is Existing or more than 2 years old

MAGNOLIA ENTERPRISES INC

Date Approved

01/23/2021

SBA Office Code

0679

Processing Method

PPS

Borrower Name

MAGNOLIA ENTERPRISES INC

Borrower Address

365 Canal St Ste 2800

Borrower City

New Orleans

Borrower State

LA

Borrower Zip

70130-1140

Loan Status Date

06/16/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

875547.45

Current Approval Amount

875547.45

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

New Orleans

Project County Name

ORLEANS

Project State

LA

Project Zip

70130-1140

CD

LA-02

Jobs Reported

125

NAICS Code

445299

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

875542.45

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

39099

Originating Lender

BankPlus

Originating Lender City

BELZONI

Originating Lender State

MS

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

887051.17

Forgiveness Date

05/16/2022

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