PPP Loan information for Magnolia motor company, inc.

$41,452

Magnolia motor company, inc. was initially approved for PPP Loan of amount $41,452, the current approved amount is $41,452. The loan was approved on 04/07/2020 by The The Peoples Bank reported 2 jobs and $41,452 was used to fund payroll.

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

PPP Loan Search / AR / MAGNOLIA / Magnolia motor company, inc.

MAGNOLIA MOTOR COMPANY, INC.

Date Approved

04/07/2020

SBA Office Code

0669

Processing Method

PPP

Borrower Name

MAGNOLIA MOTOR COMPANY, INC.

Borrower Address

55 Hwy 79 N

Borrower City

MAGNOLIA

Borrower State

AR

Borrower Zip

71753-3244

Loan Status Date

03/05/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

41452.00

Current Approval Amount

41452.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

4825

Servicing Lender Name

The Peoples Bank

Servicing Lender Address

500 N Jackson

Servicing Lender City

MAGNOLIA

Servicing Lender State

AR

Servicing Lender Zip

71753-2916

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MAGNOLIA

Project County Name

COLUMBIA

Project State

AR

Project Zip

71753-3244

CD

AR-04

Jobs Reported

2

NAICS Code

441120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

41452.00

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

Subchapter S Corporation

Originating Lender Location Id

4825

Originating Lender

The Peoples Bank

Originating Lender City

MAGNOLIA

Originating Lender State

AR

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

37680.82

Forgiveness Date

11/17/2020

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