Magnolia Linen Inc.

$110,854 PPP Loan in Gibsonville, North Carolina

Loan Details

Loan Number
3189148505
Date Approved
Feb 23, 2021
Loan Status
Paid in Full
Initial Approval
$110,854
Current Approval
$110,854
Forgiveness Amount
$111,996
Forgiveness Date
Mar 8, 2022
Term
60 months
Draw
Second Draw

Business Information

Business Name
Magnolia Linen Inc.
Address
106 East Rail Road Ave Bld O
ZIP Code
27249
Business Type
Subchapter S Corporation
Industry (NAICS)
Other Services (except Public Administration) (812332)
Business Age
Existing or more than 2 years old
Jobs Reported
14
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
NC-06

Loan Use Breakdown

Payroll
$110,850
Utilities
$1

Lender Information

Servicing Lender
Truist Bank
Originating Lender
Truist Bank

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