PPP Loan information for Magnolia timber co inc

$66,282

Magnolia timber co inc was initially approved for PPP Loan of amount $66,282, the current approved amount is $66,282. The loan was approved on 01/20/2021 by The Hancock Whitney Bank reported 6 jobs and $66,282 was used to fund payroll.

Magnolia timber co inc is Existing or more than 2 years old

PPP Loan Search / AL / Wilmer / Magnolia timber co inc

MAGNOLIA TIMBER CO INC

Date Approved

01/20/2021

SBA Office Code

0459

Processing Method

PPS

Borrower Name

MAGNOLIA TIMBER CO INC

Borrower Address

450 State Line Rd S

Borrower City

Wilmer

Borrower State

AL

Borrower Zip

36587-2001

Loan Status Date

04/08/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

66282.00

Current Approval Amount

66282.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39232

Servicing Lender Name

Hancock Whitney Bank

Servicing Lender Address

2510 14th St One Hancock Plz

Servicing Lender City

GULFPORT

Servicing Lender State

MS

Servicing Lender Zip

39501

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Wilmer

Project County Name

MOBILE

Project State

AL

Project Zip

36587-2001

CD

AL-01

Jobs Reported

6

NAICS Code

113310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

66279.00

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

39232

Originating Lender

Hancock Whitney Bank

Originating Lender City

GULFPORT

Originating Lender State

MS

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

67068.18

Forgiveness Date

03/30/2022

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