PPP Loan information for Magnolia partners inc.

$171,000

Magnolia partners inc. was initially approved for PPP Loan of amount $171,000, the current approved amount is $171,000. The loan was approved on 02/20/2021 by The First Community Bank reported 16 jobs and $171,000 was used to fund payroll.

Magnolia partners inc. is Existing or more than 2 years old

PPP Loan Search / VA / Glen Allen / Magnolia partners inc.

MAGNOLIA PARTNERS INC.

Date Approved

02/20/2021

SBA Office Code

0304

Processing Method

PPP

Borrower Name

MAGNOLIA PARTNERS INC.

Borrower Address

8501 Brook Rd

Borrower City

Glen Allen

Borrower State

VA

Borrower Zip

23060-4019

Loan Status Date

09/21/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

171000.00

Current Approval Amount

171000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

75351

Servicing Lender Name

First Community Bank

Servicing Lender Address

29 College Dr

Servicing Lender City

BLUEFIELD

Servicing Lender State

VA

Servicing Lender Zip

24605-1736

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Glen Allen

Project County Name

HENRICO

Project State

VA

Project Zip

23060-4019

CD

VA-01

Jobs Reported

16

NAICS Code

238330

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

170996.00

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

Corporation

Originating Lender Location Id

75351

Originating Lender

First Community Bank

Originating Lender City

BLUEFIELD

Originating Lender State

VA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

171838.60

Forgiveness Date

08/30/2021

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