Magnolia Logistics INC

$1,093,400 PPP Loan in Fords, New Jersey

Loan Details

Loan Number
6129557200
Date Approved
Apr 27, 2020
Loan Status
Paid in Full
Initial Approval
$1,093,400
Current Approval
$1,093,400
Forgiveness Amount
$1,106,910
Forgiveness Date
Aug 2, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Magnolia Logistics INC
Address
847 King George Road
City
Fords
ZIP Code
08863
Business Type
Corporation
Industry (NAICS)
Transportation and Warehousing (484121)
Business Age
Existing or more than 2 years old
Jobs Reported
69
Estimated Revenue
$13.9M
Rural/Urban
Urban
Congressional District
NJ-06

Loan Use Breakdown

Payroll
$1,093,400

Lender Information

Servicing Lender
Loan Source Incorporated
Originating Lender
Peapack-Gladstone Bank

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