As part of the Paycheck Protection Program MAGNOLIA ADVANCED MATERIALS INC was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

MAGNOLIA ADVANCED MATERIALS INC


Loan Amount	$932,100
BusinessName	MAGNOLIA ADVANCED MATERIALS INC
Address	4360 Northeast Expy
City	ATLANTA
State	GA
Zip	30340
NAICSCode	325510
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported
DateApproved	04/27/2020
Lender	Renasant Bank
CD	GA-06
BusinessName.clean	MAGNOLIA ADVANCED MATERIALS

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

Other Organizations with PPP Loans

MAGNOLIA BRUSH MANUFACTURERS LTD
MAGNOLIA COMMUNITY SERVICES
MAGNOLIA EDUCATIONAL RESEARCH FOUNDATION
MAGNOLIA ELECTRIC POWER ASSOCIATION
MAGNOLIA ENTERPRISES