PPP Loan information for Magnolia lane inc.

$317,000

Magnolia lane inc. was initially approved for PPP Loan of amount $317,000, the current approved amount is $317,000. The loan was approved on 04/04/2020 by The United Community Bank reported 9 jobs and $317,000 was used to fund payroll.

Magnolia lane inc. is New Business or 2 years or less

PPP Loan Search / AL / TRUSSVILLE / Magnolia lane inc.

MAGNOLIA LANE INC.

Date Approved

04/04/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

MAGNOLIA LANE INC.

Borrower Address

1920 Woodlands Industrial Drive

Borrower City

TRUSSVILLE

Borrower State

AL

Borrower Zip

35173-3128

Loan Status Date

07/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

317000.00

Current Approval Amount

317000.00

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

New Business or 2 years or less

Project City

TRUSSVILLE

Project County Name

JEFFERSON

Project State

AL

Project Zip

35173-3128

CD

AL-06

Jobs Reported

9

NAICS Code

453220

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

317000.00

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

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

320751.17

Forgiveness Date

06/15/2021

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