As part of the Paycheck Protection Program MAGNOLIA HEALTHCARE 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 HEALTHCARE INC


Loan Amount	$2,447,690
BusinessName	MAGNOLIA HEALTHCARE INC
Address	628 N 4TH ST
City	BATON ROUGE
State	LA
Zip	70802
NAICSCode	623220
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	346
DateApproved	04/07/2020
Lender	Trustmark National Bank
CD	LA-06
BusinessName.clean	MAGNOLIA HEALTHCARE

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 LOGISTICS
MAGNOLIA MANAGEMENT COMPANY
ANDREW SMITH COMPANY
MAGNOLIA MEDICAL TECHNOLOGIES
MAGNOLIA OF MILLBRAE