PPP Loan information for Sugar magnolias learning academy, inc

$101,422

Sugar magnolias learning academy, inc was initially approved for PPP Loan of amount $101,422, the current approved amount is $101,422. The loan was approved on 05/01/2021 by The The Citizens National Bank of Meridian reported 32 jobs and $101,422 was used to fund payroll.

Sugar magnolias learning academy, inc is Existing or more than 2 years old

PPP Loan Search / MS / Meridian / Sugar magnolias learning academy, inc

SUGAR MAGNOLIAS LEARNING ACADEMY, INC

Date Approved

05/01/2021

SBA Office Code

0470

Processing Method

PPS

Borrower Name

SUGAR MAGNOLIAS LEARNING ACADEMY, INC

Borrower Address

2104 24th Ave

Borrower City

Meridian

Borrower State

MS

Borrower Zip

39301-2135

Loan Status Date

10/20/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

101422.00

Current Approval Amount

101422.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39604

Servicing Lender Name

The Citizens National Bank of Meridian

Servicing Lender Address

512 22nd Ave

Servicing Lender City

MERIDIAN

Servicing Lender State

MS

Servicing Lender Zip

39301-5853

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Meridian

Project County Name

LAUDERDALE

Project State

MS

Project Zip

39301-2135

CD

MS-03

Jobs Reported

32

NAICS Code

624410

Race

Black or African American

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

101418.00

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

Corporation

Originating Lender Location Id

39604

Originating Lender

The Citizens National Bank of Meridian

Originating Lender City

MERIDIAN

Originating Lender State

MS

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

101836.14

Forgiveness Date

09/29/2021

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