PPP Loan information for Magnolia business systems inc

$53,510

Magnolia business systems inc was initially approved for PPP Loan of amount $53,510, the current approved amount is $53,510. The loan was approved on 02/05/2021 by The Bank of Commerce reported 9 jobs and $53,510 was used to fund payroll.

Magnolia business systems inc is Existing or more than 2 years old

PPP Loan Search / MS / Columbus / Magnolia business systems inc

MAGNOLIA BUSINESS SYSTEMS INC

Date Approved

02/05/2021

SBA Office Code

0470

Processing Method

PPS

Borrower Name

MAGNOLIA BUSINESS SYSTEMS INC

Borrower Address

1540 Gardner Blvd

Borrower City

Columbus

Borrower State

MS

Borrower Zip

39702-2802

Loan Status Date

04/16/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

53510.00

Current Approval Amount

53510.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39227

Servicing Lender Name

Bank of Commerce

Servicing Lender Address

310 Howard St

Servicing Lender City

GREENWOOD

Servicing Lender State

MS

Servicing Lender Zip

38930-4336

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Columbus

Project County Name

LOWNDES

Project State

MS

Project Zip

39702-2802

CD

MS-01

Jobs Reported

9

NAICS Code

423420

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

53508.00

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

Cooperative

Originating Lender Location Id

39227

Originating Lender

Bank of Commerce

Originating Lender City

GREENWOOD

Originating Lender State

MS

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

54097.88

Forgiveness Date

03/17/2022

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