As part of the Paycheck Protection Program MAGNOLIA LOGISTICS 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 LOGISTICS INC


Loan Amount	$1,093,400
BusinessName	MAGNOLIA LOGISTICS INC
Address	847 King George Road
City	Fords
State	NJ
Zip	8863
NAICSCode	484121
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	69
DateApproved	04/27/2020
Lender	Peapack-Gladstone Bank
CD	NJ-06
BusinessName.clean	MAGNOLIA LOGISTICS

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