PPP Loan information for Magnolia processing inc

$542,200

Magnolia processing inc was initially approved for PPP Loan of amount $500,600, the current approved amount is $542,200. The loan was approved on 04/09/2020 by The First National Bank of Clarksdale reported 379 jobs and $542,200 was used to fund payroll.

Magnolia processing inc is Existing or more than 2 years old

PPP Loan Search / MS / TUNICA / Magnolia processing inc

MAGNOLIA PROCESSING INC

Date Approved

04/09/2020

SBA Office Code

0470

Processing Method

PPP

Borrower Name

MAGNOLIA PROCESSING INC

Borrower Address

5255 HIGHWAY 4

Borrower City

TUNICA

Borrower State

MS

Borrower Zip

38676-6136

Loan Status Date

05/12/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

500600.00

Current Approval Amount

542200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39181

Servicing Lender Name

First National Bank of Clarksdale

Servicing Lender Address

402 E Second St

Servicing Lender City

CLARKSDALE

Servicing Lender State

MS

Servicing Lender Zip

38614-4412

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

TUNICA

Project County Name

TUNICA

Project State

MS

Project Zip

38676-6136

CD

MS-02

Jobs Reported

379

NAICS Code

112519

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

542200.00

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

39181

Originating Lender

First National Bank of Clarksdale

Originating Lender City

CLARKSDALE

Originating Lender State

MS

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

535348.85

Forgiveness Date

11/17/2020

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