PPP Loan information for Magnolia torque & testing, inc.

$550,000

Magnolia torque & testing, inc. was initially approved for PPP Loan of amount $550,000, the current approved amount is $550,000. The loan was approved on 04/28/2020 by The First National Bank of Louisiana reported 36 jobs and $550,000 was used to fund payroll.

Magnolia torque & testing, inc. is Existing or more than 2 years old

PPP Loan Search / LA / LAFAYETTE / Magnolia torque & testing, inc.

MAGNOLIA TORQUE & TESTING, INC.

Date Approved

04/28/2020

SBA Office Code

0679

Processing Method

PPP

Borrower Name

MAGNOLIA TORQUE & TESTING, INC.

Borrower Address

208 Easy Street

Borrower City

LAFAYETTE

Borrower State

LA

Borrower Zip

70506

Loan Status Date

06/04/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

550000.00

Current Approval Amount

550000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

28204

Servicing Lender Name

First National Bank of Louisiana

Servicing Lender Address

128 N Parkerson Ave

Servicing Lender City

CROWLEY

Servicing Lender State

LA

Servicing Lender Zip

70526-5000

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LAFAYETTE

Project County Name

LAFAYETTE

Project State

LA

Project Zip

70506-0700

CD

LA-03

Jobs Reported

36

NAICS Code

213112

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

550000.00

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

Corporation

Originating Lender Location Id

28204

Originating Lender

First National Bank of Louisiana

Originating Lender City

CROWLEY

Originating Lender State

LA

Gender

Female Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

397788.12

Forgiveness Date

05/04/2021

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