PPP Loan information for Magnolia business systems, inc.

$53,500

Magnolia business systems, inc. was initially approved for PPP Loan of amount $53,500, the current approved amount is $53,500. The loan was approved on 04/07/2020 by The Bank of Commerce reported 9 jobs and $53,500 was used to fund payroll.

Magnolia business systems, inc. is Existing or more than 2 years old

PPP Loan Search / MS / COLUMBUS / Magnolia business systems, inc.

MAGNOLIA BUSINESS SYSTEMS, INC.

Date Approved

04/07/2020

SBA Office Code

0470

Processing Method

PPP

Borrower Name

MAGNOLIA BUSINESS SYSTEMS, INC.

Borrower Address

1540 GARDNER BLVD

Borrower City

COLUMBUS

Borrower State

MS

Borrower Zip

39702-2802

Loan Status Date

01/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

53500.00

Current Approval Amount

53500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39227

Servicing Lender Name

Bank of Commerce

Servicing Lender Address

310 Howard St

Servicing Lender City

GREENWOOD

Servicing Lender State

MS

Servicing Lender Zip

38930-4336

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

COLUMBUS

Project County Name

LOWNDES

Project State

MS

Project Zip

39702-2802

CD

MS-01

Jobs Reported

9

NAICS Code

423420

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

53500.00

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

Cooperative

Originating Lender Location Id

39227

Originating Lender

Bank of Commerce

Originating Lender City

GREENWOOD

Originating Lender State

MS

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

53848.85

Forgiveness Date

12/10/2020

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