PPP Loan information for Magnolia lafayette, inc.

$74,993

Magnolia lafayette, inc. was initially approved for PPP Loan of amount $74,993, the current approved amount is $74,993. The loan was approved on 05/01/2020 by The American Bank reported 11 jobs and $74,993 was used to fund payroll.

Magnolia lafayette, inc. is Existing or more than 2 years old

PPP Loan Search / LA / COVINGTON / Magnolia lafayette, inc.

MAGNOLIA LAFAYETTE, INC.

Date Approved

05/01/2020

SBA Office Code

0679

Processing Method

PPP

Borrower Name

MAGNOLIA LAFAYETTE, INC.

Borrower Address

104 W 11TH AVE

Borrower City

COVINGTON

Borrower State

LA

Borrower Zip

70433

Loan Status Date

02/04/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

74993.00

Current Approval Amount

74993.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

28188

Servicing Lender Name

American Bank

Servicing Lender Address

1819 N Columbia St

Servicing Lender City

COVINGTON

Servicing Lender State

LA

Servicing Lender Zip

70433-5648

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

COVINGTON

Project County Name

SAINT TAMMANY

Project State

LA

Project Zip

70433-0001

CD

LA-01

Jobs Reported

11

NAICS Code

623110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

74993.00

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

Non-Profit Organization

Originating Lender Location Id

28188

Originating Lender

American Bank

Originating Lender City

COVINGTON

Originating Lender State

LA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

75542.95

Forgiveness Date

01/27/2021

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