PPP Loan information for Sugar magnolia inc

$74,655

Sugar magnolia inc was initially approved for PPP Loan of amount $74,655, the current approved amount is $74,655. The loan was approved on 04/28/2020 by The United Fidelity Bank, FSB reported 10 jobs and $74,655 was used to fund payroll.

Sugar magnolia inc is Existing or more than 2 years old

PPP Loan Search / VI / Christiansted / Sugar magnolia inc

SUGAR MAGNOLIA INC

Date Approved

04/28/2020

SBA Office Code

0252

Processing Method

PPP

Borrower Name

SUGAR MAGNOLIA INC

Borrower Address

4040 Est La Grande Princesse Suite 3

Borrower City

Christiansted

Borrower State

VI

Borrower Zip

00820

Loan Status Date

02/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

74655.00

Current Approval Amount

74655.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

82068

Servicing Lender Name

United Fidelity Bank, FSB

Servicing Lender Address

18 NW Fourth St

Servicing Lender City

Evansville

Servicing Lender State

IN

Servicing Lender Zip

47708-1778

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Christiansted

Project County Name

SAINT CROIX

Project State

VI

Project Zip

00820-2500

CD

VI-

Jobs Reported

10

NAICS Code

721214

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

74655.00

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

82068

Originating Lender

United Fidelity Bank, FSB

Originating Lender City

Evansville

Originating Lender State

IN

Gender

Female Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

75158.92

Forgiveness Date

01/07/2021

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