Magnolia Enterprises INC

$875,547 PPP Loan in New Orleans, Louisiana

Loan Details

Loan Number
4596458310
Date Approved
Jan 23, 2021
Loan Status
Paid in Full
Initial Approval
$875,547
Current Approval
$875,547
Forgiveness Amount
$887,051
Forgiveness Date
May 16, 2022
Term
60 months
Draw
Second Draw

Business Information

Business Name
Magnolia Enterprises INC
Address
365 Canal St Ste 2800
ZIP Code
70130-1140
Business Type
Corporation
Industry (NAICS)
Retail Trade (445299)
Business Age
Existing or more than 2 years old
Jobs Reported
125
Estimated Revenue
$13.9M
Rural/Urban
Urban
Congressional District
LA-02

Loan Use Breakdown

Payroll
$875,542
Utilities
$1

Lender Information

Servicing Lender
Bankplus
Originating Lender
First Bank and Trust, a Division of Bankplus

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