PPP Loan information for Magnolia management llc

$67,278

Magnolia management llc was initially approved for PPP Loan of amount $40,220, the current approved amount is $67,278. The loan was approved on 04/14/2020 by The Benchmark Community Bank reported 9 jobs and $67,278 was used to fund payroll.

Magnolia management llc is Existing or more than 2 years old

PPP Loan Search / NC / HENDERSON / Magnolia management llc

MAGNOLIA MANAGEMENT LLC

Date Approved

04/14/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

MAGNOLIA MANAGEMENT LLC

Borrower Address

719 S Chestnut Street

Borrower City

HENDERSON

Borrower State

NC

Borrower Zip

27536-4106

Loan Status Date

05/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

40220.00

Current Approval Amount

67277.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73481

Servicing Lender Name

Benchmark Community Bank

Servicing Lender Address

204 S Broad St

Servicing Lender City

KENBRIDGE

Servicing Lender State

VA

Servicing Lender Zip

23944

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

HENDERSON

Project County Name

VANCE

Project State

NC

Project Zip

27536-4106

CD

NC-01

Jobs Reported

9

NAICS Code

531311

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

8409.69

Payroll Proceed

50458.12

Mortgage Interest Proceed

8409.69

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

73481

Originating Lender

Benchmark Community Bank

Originating Lender City

KENBRIDGE

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

67976.08

Forgiveness Date

05/03/2021

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