PPP Loan information for Magnolia forest products inc

$479,130

Magnolia forest products inc was initially approved for PPP Loan of amount $479,130, the current approved amount is $479,130. The loan was approved on 01/28/2021 by The First American Bank reported 41 jobs and $479,130 was used to fund payroll.

Magnolia forest products inc is Existing or more than 2 years old

PPP Loan Search / MS / Flowood / Magnolia forest products inc

MAGNOLIA FOREST PRODUCTS INC

Date Approved

01/28/2021

SBA Office Code

0470

Processing Method

PPS

Borrower Name

MAGNOLIA FOREST PRODUCTS INC

Borrower Address

517 Keywood Cir

Borrower City

Flowood

Borrower State

MS

Borrower Zip

39232-3054

Loan Status Date

10/22/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

479130.00

Current Approval Amount

479130.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21238

Servicing Lender Name

First American Bank

Servicing Lender Address

700 Busse Rd

Servicing Lender City

ELK GROVE VILLAGE

Servicing Lender State

IL

Servicing Lender Zip

60007-2137

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

39232-3054

CD

MS-03

Jobs Reported

41

NAICS Code

423310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

479128.00

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

21238

Originating Lender

First American Bank

Originating Lender City

ELK GROVE VILLAGE

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

482204.42

Forgiveness Date

09/23/2021

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