PPP Loan information for Magnolia trailers inc

$351,300

Magnolia trailers inc was initially approved for PPP Loan of amount $351,300, the current approved amount is $351,300. The loan was approved on 04/14/2020 by The Community Bank of Mississippi reported 28 jobs and $351,300 was used to fund payroll.

Magnolia trailers inc is Existing or more than 2 years old

PPP Loan Search / MS / LUCEDALE / Magnolia trailers inc

MAGNOLIA TRAILERS INC

Date Approved

04/14/2020

SBA Office Code

0470

Processing Method

PPP

Borrower Name

MAGNOLIA TRAILERS INC

Borrower Address

144 AIRPORT CAFE CIR

Borrower City

LUCEDALE

Borrower State

MS

Borrower Zip

39452-4732

Loan Status Date

02/04/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

351300.00

Current Approval Amount

351300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39217

Servicing Lender Name

Community Bank of Mississippi

Servicing Lender Address

323 E Third St

Servicing Lender City

Forest

Servicing Lender State

MS

Servicing Lender Zip

39074-0059

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LUCEDALE

Project County Name

GEORGE

Project State

MS

Project Zip

39452-4732

CD

MS-04

Jobs Reported

28

NAICS Code

336212

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

53100.00

Payroll Proceed

282700.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

15500.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

39217

Originating Lender

Community Bank of Mississippi

Originating Lender City

Forest

Originating Lender State

MS

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

354014.15

Forgiveness Date

01/25/2021

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