PPP Loan information for Magnolia river transmission, llc

$891,400

Magnolia river transmission, llc was initially approved for PPP Loan of amount $891,400, the current approved amount is $891,400. The loan was approved on 04/08/2020 by The Peoples Bank of Alabama reported 400 jobs and $891,400 was used to fund payroll.

Magnolia river transmission, llc is Existing or more than 2 years old

PPP Loan Search / AL / HARTSELLE / Magnolia river transmission, llc

MAGNOLIA RIVER TRANSMISSION, LLC

Date Approved

04/08/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

MAGNOLIA RIVER TRANSMISSION, LLC

Borrower Address

711 Nance Ford Rd SW Suite E

Borrower City

HARTSELLE

Borrower State

AL

Borrower Zip

35640-3767

Loan Status Date

12/09/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

891400.00

Current Approval Amount

891400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

2037

Servicing Lender Name

Peoples Bank of Alabama

Servicing Lender Address

1912 Cherokee Ave SW

Servicing Lender City

CULLMAN

Servicing Lender State

AL

Servicing Lender Zip

35055-5595

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HARTSELLE

Project County Name

MORGAN

Project State

AL

Project Zip

35640-3767

CD

AL-05

Jobs Reported

400

NAICS Code

237130

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

884970.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

6430.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

2037

Originating Lender

Peoples Bank of Alabama

Originating Lender City

CULLMAN

Originating Lender State

AL

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

0.00

Forgiveness Date

;