PPP Loan information for Sweet magnolia soul food inc

$156,495

Sweet magnolia soul food inc was initially approved for PPP Loan of amount $156,495, the current approved amount is $156,495. The loan was approved on 05/03/2020 by The LCA Bank Corporation reported 34 jobs and $156,495 was used to fund payroll.

Sweet magnolia soul food inc is Existing or more than 2 years old

PPP Loan Search / MI / Southfield / Sweet magnolia soul food inc

SWEET MAGNOLIA SOUL FOOD INC

Date Approved

05/03/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

SWEET MAGNOLIA SOUL FOOD INC

Borrower Address

29221 Northwestern Hwy Suite 214

Borrower City

Southfield

Borrower State

MI

Borrower Zip

48034

Loan Status Date

04/16/2022

Loan Status

Charged Off

Term

0

SBA Guaranty Percentage

100

Initial Approval Amount

156495.00

Current Approval Amount

156495.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

443364

Servicing Lender Name

LCA Bank Corporation

Servicing Lender Address

1441 W UTE Blvd Ste 250

Servicing Lender City

PARK CITY

Servicing Lender State

UT

Servicing Lender Zip

84098

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Southfield

Project County Name

OAKLAND

Project State

MI

Project Zip

48034-0002

CD

MI-12

Jobs Reported

34

NAICS Code

722511

Race

Unanswered

Ethnicity

Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

156495.00

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

443364

Originating Lender

LCA Bank Corporation

Originating Lender City

PARK CITY

Originating Lender State

UT

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

56602.50

Forgiveness Date

11/17/2021

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