PPP Loan information for Southern magnolias

$250,000

Southern magnolias was initially approved for PPP Loan of amount $250,000, the current approved amount is $250,000. The loan was approved on 05/03/2020 by The Bank of America, National Association reported 42 jobs and $250,000 was used to fund payroll.

Southern magnolias is New Business or 2 years or less

PPP Loan Search / SC / HILTON HEAD ISLAND / Southern magnolias

SOUTHERN MAGNOLIAS

Date Approved

05/03/2020

SBA Office Code

0464

Processing Method

PPP

Borrower Name

SOUTHERN MAGNOLIAS

Borrower Address

109 DILLON RD

Borrower City

HILTON HEAD ISLAND

Borrower State

SC

Borrower Zip

29926-3705

Loan Status Date

03/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

250000.00

Current Approval Amount

250000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

HILTON HEAD ISLAND

Project County Name

BEAUFORT

Project State

SC

Project Zip

29926-3705

CD

SC-01

Jobs Reported

42

NAICS Code

561730

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

250000.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

251924.66

Forgiveness Date

02/10/2021

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