Magnolia Tire & Auto Service LLC

$42,000 PPP Loan in Loris, South Carolina

Loan Details

Loan Number
5905057006
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$42,000
Current Approval
$40,200
Forgiveness Amount
$40,687
Forgiveness Date
Jun 24, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Magnolia Tire & Auto Service LLC
Address
622 Hwy 701 S
City
Loris
ZIP Code
29569
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Transportation and Warehousing (493190)
Business Age
Existing or more than 2 years old
Jobs Reported
7
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
SC-07

Loan Use Breakdown

Payroll
$30,150
Mortgage Interest
$10,050

Lender Information

Servicing Lender
Anderson Brothers Bank
Originating Lender
Anderson Brothers Bank

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