Magnolia Linen INC

$121,582 PPP Loan in Gibsonville, North Carolina

Loan Details

Loan Number
4945477308
Date Approved
Apr 30, 2020
Loan Status
Paid in Full
Initial Approval
$121,582
Current Approval
$121,582
Forgiveness Amount
$122,595
Forgiveness Date
Mar 5, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Magnolia Linen INC
Address
106 E Railroad Ave
ZIP Code
27249-2300
Business Type
Subchapter S Corporation
Industry (NAICS)
Other Services (except Public Administration) (812331)
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
$121,582

Lender Information

Servicing Lender
Truist Bank
Originating Lender
Truist Bank

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