Magnolia Lighting INC
$577,100 PPP Loan in Hernando, Mississippi
Loan Details
- Loan Number
- 6393007002
- Date Approved
- Apr 6, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $577,100
- Current Approval
- $577,100
- Forgiveness Amount
- $580,547
- Forgiveness Date
- Nov 12, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Magnolia Lighting INC
- Address
- 470 Highway 51
- City
- Hernando
- State
- Mississippi
- ZIP Code
- 38632-6560
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Retail Trade (442299)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 50
- Estimated Revenue
- $9.1M
- Rural/Urban
- Urban
- Congressional District
- MS-01
Loan Use Breakdown
- Payroll
- $461,678
- Rent
- $58,000
- Utilities
- $22,522
- Health Care
- $30,000
- Debt Interest
- $4,900
Lender Information
- Servicing Lender
- Bankplus
- Originating Lender
- Bankplus
Other PPP Loans in Hernando, MS
| Business | Approved | |
|---|---|---|
| Moore Advanced Inc. | $1,064,011 |  Research |
| Whitfield Electric Company | $926,100 | Research |
| North American Electric, Inc. | $802,631 | Research |
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| First Regional Library | $694,505 | Research |
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