PPP Loan information for Magic city title inc

$222,418

Magic city title inc was initially approved for PPP Loan of amount $222,418, the current approved amount is $222,418. The loan was approved on 04/07/2020 by The SouthPoint Bank reported 17 jobs and $222,418 was used to fund payroll.

Magic city title inc is Existing or more than 2 years old

PPP Loan Search / AL / BIRMINGHAM / Magic city title inc

MAGIC CITY TITLE INC

Date Approved

04/07/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

MAGIC CITY TITLE INC

Borrower Address

3535 GRANDVIEW PKWY Ste 550

Borrower City

BIRMINGHAM

Borrower State

AL

Borrower Zip

35243-1912

Loan Status Date

04/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

222417.50

Current Approval Amount

222417.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

437056

Servicing Lender Name

SouthPoint Bank

Servicing Lender Address

3501 Grandview Pkwy

Servicing Lender City

BIRMINGHAM

Servicing Lender State

AL

Servicing Lender Zip

35243-1930

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BIRMINGHAM

Project County Name

JEFFERSON

Project State

AL

Project Zip

35243-1912

CD

AL-06

Jobs Reported

17

NAICS Code

541191

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

222417.50

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

Subchapter S Corporation

Originating Lender Location Id

437056

Originating Lender

SouthPoint Bank

Originating Lender City

BIRMINGHAM

Originating Lender State

AL

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

223962.07

Forgiveness Date

12/23/2020

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