PPP Loan information for Magnolia linen inc

$121,582

Magnolia linen inc was initially approved for PPP Loan of amount $121,582, the current approved amount is $121,582. The loan was approved on 04/30/2020 by The Truist Bank reported 14 jobs and $121,582 was used to fund payroll.

Magnolia linen inc is Existing or more than 2 years old

PPP Loan Search / NC / GIBSONVILLE / Magnolia linen inc

MAGNOLIA LINEN INC

Date Approved

04/30/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

MAGNOLIA LINEN INC

Borrower Address

106 E Railroad Ave

Borrower City

GIBSONVILLE

Borrower State

NC

Borrower Zip

27249-2300

Loan Status Date

04/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

121582.00

Current Approval Amount

121582.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GIBSONVILLE

Project County Name

GUILFORD

Project State

NC

Project Zip

27249-2300

CD

NC-06

Jobs Reported

14

NAICS Code

812331

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

121582.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

122595.18

Forgiveness Date

03/05/2021

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