PPP borrower record
MAGNOLIA LANE INC. PPP loan record
Public SBA PPP loan record for MAGNOLIA LANE INC.. Review approval amount, forgiveness amount, lender fields, borrower location, and source limitations.
$317,000
Approved amount
$320,751
Forgiven amount
2020-04-04
Date approved
Borrower and loan details
Borrower
MAGNOLIA LANE INC.
Loan number
4690777007
Business type
Subchapter S Corporation
Business age
New Business or 2 years or less
Borrower city
Trussville
Borrower state
Alabama
Borrower ZIP
35173
Jobs reported
9
Loan status
Exemption 4
Forgiveness date
2021-06-15
Servicing lender
Progress Bank and Trust
Originating lender
Progress Bank and Trust
Reported use of proceeds
Payroll
$317,000
Rent
N/A
Utilities
N/A
Mortgage interest
N/A
Health care
N/A
Debt interest
N/A
Location pages
Related directories
Source note
PPP Loan Map uses SBA public PPP records and Geocodio's geocoded PPP dataset for latitude, longitude, and Census geography. Map pins are geocoded estimates, not verified current business locations. Records are public administrative data, not legal findings.