Magnolia Brush Manufacturers, Ltd

$887,620 PPP Loan in Clarksville, Texas

Loan Details

Loan Number
5227037109
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$887,620
Current Approval
$887,620
Forgiveness Amount
$894,356
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Magnolia Brush Manufacturers, Ltd
Address
1000 N. Cedar St
State
Texas
ZIP Code
75426-2700
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (339994)
Business Age
Existing or more than 2 years old
Jobs Reported
98
Estimated Revenue
$27.4M
Rural/Urban
Rural
Congressional District
TX-01

Loan Use Breakdown

Payroll
$887,620

Lender Information

Servicing Lender
State Bank of De Kalb
Originating Lender
State Bank of De Kalb

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