Magnolia Electric Co

$310,900 PPP Loan in Flowood, Mississippi

Loan Details

Loan Number
2952737204
Date Approved
Apr 16, 2020
Loan Status
Paid in Full
Initial Approval
$310,900
Current Approval
$310,900
Forgiveness Amount
$312,689
Forgiveness Date
Nov 23, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Magnolia Electric Co
Address
23 Old Highway 49 S
ZIP Code
39232-4317
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
21
Estimated Revenue
$6.9M
Rural/Urban
Rural
Congressional District
MS-03

Loan Use Breakdown

Payroll
$310,900

Lender Information

Servicing Lender
Regions Bank
Originating Lender
Regions Bank

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