PPP Loan information for Magnolias gift shop

$52,115

Magnolias gift shop was initially approved for PPP Loan of amount $52,115, the current approved amount is $52,115. The loan was approved on 04/10/2020 by The First Bank of Alabama reported 7 jobs and $52,115 was used to fund payroll.

Magnolias gift shop is Existing or more than 2 years old

PPP Loan Search / AL / SYLACAUGA / Magnolias gift shop

MAGNOLIAS GIFT SHOP

Date Approved

04/10/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

MAGNOLIAS GIFT SHOP

Borrower Address

125 N Broadway Avenue

Borrower City

SYLACAUGA

Borrower State

AL

Borrower Zip

35150-2523

Loan Status Date

06/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

52115.00

Current Approval Amount

52115.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

3305

Servicing Lender Name

First Bank of Alabama

Servicing Lender Address

120 North St East

Servicing Lender City

TALLADEGA

Servicing Lender State

AL

Servicing Lender Zip

35160-2100

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SYLACAUGA

Project County Name

TALLADEGA

Project State

AL

Project Zip

35150-2523

CD

AL-03

Jobs Reported

7

NAICS Code

453220

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

52115.00

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

Sole Proprietorship

Originating Lender Location Id

3305

Originating Lender

First Bank of Alabama

Originating Lender City

TALLADEGA

Originating Lender State

AL

Gender

Female Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

52689.71

Forgiveness Date

05/20/2021

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