PPP Loan information for Magnolia funeral home inc

$70,200

Magnolia funeral home inc was initially approved for PPP Loan of amount $70,200, the current approved amount is $70,200. The loan was approved on 04/05/2020 by The Farmers and Merchants Bank reported 7 jobs and $70,200 was used to fund payroll.

Magnolia funeral home inc is Existing or more than 2 years old

PPP Loan Search / MS / CORINTH / Magnolia funeral home inc

MAGNOLIA FUNERAL HOME INC

Date Approved

04/05/2020

SBA Office Code

0470

Processing Method

PPP

Borrower Name

MAGNOLIA FUNERAL HOME INC

Borrower Address

2024 Hwy 72 E Annex

Borrower City

CORINTH

Borrower State

MS

Borrower Zip

38834

Loan Status Date

02/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

70200.00

Current Approval Amount

70200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39079

Servicing Lender Name

Farmers and Merchants Bank

Servicing Lender Address

111 W Clayton St

Servicing Lender City

BALDWYN

Servicing Lender State

MS

Servicing Lender Zip

38824-1804

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CORINTH

Project County Name

ALCORN

Project State

MS

Project Zip

38834-1100

CD

MS-01

Jobs Reported

7

NAICS Code

812210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

7020.00

Payroll Proceed

56160.00

Mortgage Interest Proceed

7020.00

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

39079

Originating Lender

Farmers and Merchants Bank

Originating Lender City

BALDWYN

Originating Lender State

MS

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

70761.60

Forgiveness Date

01/28/2021

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