PPP Loan information for Magnolia educational & research foundation

$5,461,600

Magnolia educational & research foundation was initially approved for PPP Loan of amount $5,461,600, the current approved amount is $5,461,600. The loan was approved on 04/16/2020 by The Citibank, N.A. reported 409 jobs and $5,461,600 was used to fund payroll.

Magnolia educational & research foundation is Existing or more than 2 years old

PPP Loan Search / CA / LOS ANGELES / Magnolia educational & research foundation

MAGNOLIA EDUCATIONAL & RESEARCH FOUNDATION

Date Approved

04/16/2020

SBA Office Code

0914

Processing Method

PPP

Borrower Name

MAGNOLIA EDUCATIONAL & RESEARCH FOUNDATION

Borrower Address

250 E 1ST ST

Borrower City

LOS ANGELES

Borrower State

CA

Borrower Zip

90012-3811

Loan Status Date

07/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

5461600.00

Current Approval Amount

5461600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

49274

Servicing Lender Name

Citibank, N.A.

Servicing Lender Address

5800 S. Corporate Place

Servicing Lender City

Sioux Falls

Servicing Lender State

SD

Servicing Lender Zip

57108

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

LOS ANGELES

Project County Name

LOS ANGELES

Project State

CA

Project Zip

90012-3811

CD

CA-34

Jobs Reported

409

NAICS Code

541713

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

5461600.00

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

Non-Profit Organization

Originating Lender Location Id

49274

Originating Lender

Citibank, N.A.

Originating Lender City

Sioux Falls

Originating Lender State

SD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

5523194.71

Forgiveness Date

06/09/2021

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