PPP Loan information for Magnolia provision company inc

$407,500

Magnolia provision company inc was initially approved for PPP Loan of amount $407,500, the current approved amount is $407,500. The loan was approved on 04/10/2020 by The Mountain Commerce Bank reported 48 jobs and $407,500 was used to fund payroll.

Magnolia provision company inc is Existing or more than 2 years old

PPP Loan Search / TN / KNOXVILLE / Magnolia provision company inc

MAGNOLIA PROVISION COMPANY INC

Date Approved

04/10/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

MAGNOLIA PROVISION COMPANY INC

Borrower Address

2013 DUTCH VALLEY DR

Borrower City

KNOXVILLE

Borrower State

TN

Borrower Zip

37918-1611

Loan Status Date

12/16/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

407500.00

Current Approval Amount

407500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

66985

Servicing Lender Name

Mountain Commerce Bank

Servicing Lender Address

6101 Kingston Pk

Servicing Lender City

KNOXVILLE

Servicing Lender State

TN

Servicing Lender Zip

37919-4020

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

KNOXVILLE

Project County Name

KNOX

Project State

TN

Project Zip

37918-1611

CD

TN-02

Jobs Reported

48

NAICS Code

311611

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

20375.00

Payroll Proceed

346375.00

Mortgage Interest Proceed

0.00

Rent Proceed

40750.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

66985

Originating Lender

Mountain Commerce Bank

Originating Lender City

KNOXVILLE

Originating Lender State

TN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

410046.88

Forgiveness Date

11/25/2020

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