PPP Loan information for Magnolia lane inc

$138,682

Magnolia lane inc was initially approved for PPP Loan of amount $138,682, the current approved amount is $138,682. The loan was approved on 01/20/2021 by The United Community Bank reported 9 jobs and $138,682 was used to fund payroll.

Magnolia lane inc is Existing or more than 2 years old

MAGNOLIA LANE INC

Date Approved

01/20/2021

SBA Office Code

0459

Processing Method

PPS

Borrower Name

MAGNOLIA LANE INC

Borrower Address

1920 Woodlands Industrial Dr

Borrower City

Trussville

Borrower State

AL

Borrower Zip

35173-3128

Loan Status Date

11/18/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

138682.00

Current Approval Amount

138682.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

19133

Servicing Lender Name

United Community Bank

Servicing Lender Address

177 Hwy 515 E

Servicing Lender City

BLAIRSVILLE

Servicing Lender State

GA

Servicing Lender Zip

30512-8579

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Trussville

Project County Name

JEFFERSON

Project State

AL

Project Zip

35173-3128

CD

AL-06

Jobs Reported

9

NAICS Code

423990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

138679.00

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

Subchapter S Corporation

Originating Lender Location Id

19133

Originating Lender

United Community Bank

Originating Lender City

BLAIRSVILLE

Originating Lender State

GA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

139660.48

Forgiveness Date

10/08/2021

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