PPP Loan information for Magnolia hospitality llc

$99,400

Magnolia hospitality llc was initially approved for PPP Loan of amount $99,400, the current approved amount is $99,400. The loan was approved on 04/13/2020 by The First United Bank and Trust Company reported 14 jobs and $99,400 was used to fund payroll.

Magnolia hospitality llc is Existing or more than 2 years old

PPP Loan Search / OK / DURANT / Magnolia hospitality llc

MAGNOLIA HOSPITALITY LLC

Date Approved

04/13/2020

SBA Office Code

0680

Processing Method

PPP

Borrower Name

MAGNOLIA HOSPITALITY LLC

Borrower Address

118 North 7th Avenue

Borrower City

DURANT

Borrower State

OK

Borrower Zip

74701-4756

Loan Status Date

05/13/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

99400.00

Current Approval Amount

99400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

58899

Servicing Lender Name

First United Bank and Trust Company

Servicing Lender Address

1400 W Main St

Servicing Lender City

DURANT

Servicing Lender State

OK

Servicing Lender Zip

74701-4906

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

DURANT

Project County Name

BRYAN

Project State

OK

Project Zip

74701-4756

CD

OK-02

Jobs Reported

14

NAICS Code

721110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

9940.00

Payroll Proceed

79520.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

9940

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

58899

Originating Lender

First United Bank and Trust Company

Originating Lender City

DURANT

Originating Lender State

OK

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

29993.58

Forgiveness Date

08/12/2021

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