PPP Loan information for Magnolia lighting inc

$577,100

Magnolia lighting inc was initially approved for PPP Loan of amount $577,100, the current approved amount is $577,100. The loan was approved on 04/06/2020 by The BankPlus reported 50 jobs and $577,100 was used to fund payroll.

Magnolia lighting inc is Existing or more than 2 years old

PPP Loan Search / MS / HERNANDO / Magnolia lighting inc

MAGNOLIA LIGHTING INC

Date Approved

04/06/2020

SBA Office Code

0470

Processing Method

PPP

Borrower Name

MAGNOLIA LIGHTING INC

Borrower Address

470 HIGHWAY 51

Borrower City

HERNANDO

Borrower State

MS

Borrower Zip

38632-6560

Loan Status Date

11/20/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

577100.00

Current Approval Amount

577100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39099

Servicing Lender Name

BankPlus

Servicing Lender Address

202 E Jackson St

Servicing Lender City

BELZONI

Servicing Lender State

MS

Servicing Lender Zip

39038-3524

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HERNANDO

Project County Name

DESOTO

Project State

MS

Project Zip

38632-6560

CD

MS-01

Jobs Reported

50

NAICS Code

442299

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

22522.00

Payroll Proceed

461678.00

Mortgage Interest Proceed

0.00

Rent Proceed

58000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

30000.00

Debt Interest Proceed

4900

Business Type

Subchapter S Corporation

Originating Lender Location Id

39099

Originating Lender

BankPlus

Originating Lender City

BELZONI

Originating Lender State

MS

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

580546.57

Forgiveness Date

11/12/2020

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