PPP Loan information for Magnolia motel

$5,139

Magnolia motel was initially approved for PPP Loan of amount $5,139, the current approved amount is $5,139. The loan was approved on 05/28/2020 by The First Community Bank of Tennessee reported 1 jobs and $5,139 was used to fund payroll.

Magnolia motel is Existing or more than 2 years old

PPP Loan Search / TN / SHELBYVILLE / Magnolia motel

MAGNOLIA MOTEL

Date Approved

05/28/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

MAGNOLIA MOTEL

Borrower Address

400 SOUTH CANNON BLVD

Borrower City

SHELBYVILLE

Borrower State

TN

Borrower Zip

37160-3802

Loan Status Date

05/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

5139.37

Current Approval Amount

5139.37

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

112399

Servicing Lender Name

First Community Bank of Tennessee

Servicing Lender Address

207 Elm St

Servicing Lender City

SHELBYVILLE

Servicing Lender State

TN

Servicing Lender Zip

37160-2813

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SHELBYVILLE

Project County Name

BEDFORD

Project State

TN

Project Zip

37160-3802

CD

TN-04

Jobs Reported

1

NAICS Code

721110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

513.94

Payroll Proceed

3854.53

Mortgage Interest Proceed

770.90

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Sole Proprietorship

Originating Lender Location Id

112399

Originating Lender

First Community Bank of Tennessee

Originating Lender City

SHELBYVILLE

Originating Lender State

TN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

5184.91

Forgiveness Date

04/19/2021

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