PPP Loan information for Magnolia hospitality llc

$139,100

Magnolia hospitality llc was initially approved for PPP Loan of amount $139,100, the current approved amount is $139,100. The loan was approved on 01/29/2021 by The First United Bank and Trust Company reported 4 jobs and $139,100 was used to fund payroll.

Magnolia hospitality llc is Existing or more than 2 years old

PPP Loan Search / OK / Durant / Magnolia hospitality llc

MAGNOLIA HOSPITALITY LLC

Date Approved

01/29/2021

SBA Office Code

0680

Processing Method

PPS

Borrower Name

MAGNOLIA HOSPITALITY LLC

Borrower Address

118 N 7th Ave

Borrower City

Durant

Borrower State

OK

Borrower Zip

74701-4756

Loan Status Date

Loan Status

Exemption 4

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

139100.00

Current Approval Amount

139100.00

Undisbursed Amount

0.00

Franchise Name

Fairfield by Marriott/Fairfield Inn & Suites by Marriott/Fairfield Inn by Marriott

Servicing Lender Location Id

58899

Servicing Lender Name

First United Bank and Trust Company

Servicing Lender Address

1400 W Main St

Servicing Lender City

DURANT

Servicing Lender State

OK

Servicing Lender Zip

74701-4906

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Durant

Project County Name

BRYAN

Project State

OK

Project Zip

74701-4756

CD

OK-02

Jobs Reported

4

NAICS Code

721110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

139095.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

58899

Originating Lender

First United Bank and Trust Company

Originating Lender City

DURANT

Originating Lender State

OK

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

19804.03

Forgiveness Date

08/01/2022

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