Magnolia Steel Co INC
$1,027,600 PPP Loan in Meridian, Mississippi
Loan Details
- Loan Number
- 6447627007
- Date Approved
- Apr 6, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $1,027,600
- Current Approval
- $1,027,600
- Forgiveness Amount
- $1,035,539
- Forgiveness Date
- Jan 25, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Magnolia Steel Co INC
- Address
- 17 17th Ave
- City
- Meridian
- State
- Mississippi
- ZIP Code
- 39301-5401
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Manufacturing (332312)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 92
- Estimated Revenue
- $22.5M
- Rural/Urban
- Rural
- Congressional District
- MS-03
Loan Use Breakdown
- Payroll
- $745,200
- Utilities
- $144,500
- Health Care
- $137,900
Lender Information
- Servicing Lender
- Community Bank of Mississippi
- Originating Lender
- Community Bank of Mississippi
Other PPP Loans in Meridian, MS
| Business | Approved | |
|---|---|---|
| East Mississippi Electric Power Association | $2,761,500 |  Research |
| Hotel & Restaurant Supply | $2,680,300 | Research |
| Structural Steel Services, INC | $2,536,880 | Research |
| Van Zyverden Inc. | $2,379,300 | Research |
| A&b Electric Co. Inc. | $1,556,440 | Research |
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