As part of the Paycheck Protection Program MAGNOLIA STEEL CO 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 STEEL CO INC


Loan Amount	$1,027,600
BusinessName	MAGNOLIA STEEL CO INC
Address	17 17TH AVE
City	MERIDIAN
State	MS
Zip	39301
NAICSCode	332312
BusinessType	Subchapter S Corporation
RaceEthnicity	White
Gender	Female Owned
Veteran	Non-Veteran
NonProfit
JobsReported	92
DateApproved	04/06/2020
Lender	Community Bank of Mississippi
CD	MS-03
BusinessName.clean	MAGNOLIA STEEL CO

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 VOLUNTEER FIRE DEPARTMENT
MAGNOPUS
MAGNUM CONSTRUCTION MANAGEMENT
MAGNUM CONSTRUCTION SERVICES LTD
MAGNUM CONTRACTING