Search icon

Magnolia Drugs Inc.

Company Details

Name: Magnolia Drugs Inc.
Jurisdiction: MISSISSIPPI
Business Type: Profit Corporation
Status: Good Standing
Effective Date: 15 Aug 2018 (7 years ago)
Business ID: 1154536
ZIP code: 38650
County: Union
State of Incorporation: MISSISSIPPI
Principal Office Address: 1757 Highway 178 W, Suite BMyrtle, MS 38650
Historical names: Magnolia Drugs LLC

Agent

Name Role Address
Martin Crotts Agent 300 Magnolia Drive, New Albany, MS 38652

Director

Name Role Address
Martin Crotts Director 111 Meadow Lane, New Albany, MS 38652
Dexter Shane Crotts Director 1002 Evelyn Cove, New Albany, MS 38652
Justin Roberts Director 1012 County Road 380, New Albany, MS 38652
Clay Ormon Director 575 Beck Springs Road, Hickory Flat, MS 38633
Witt Spencer Director 1022 County Road 369, New Albany, MS 38652

Chief Executive Officer

Name Role Address
Martin Crotts Chief Executive Officer 111 Meadow Lane, New Albany, MS 38652

Filings

Type Status Filed Date Description
Annual Report Filed 2025-03-21 Annual Report For Magnolia Drugs Inc.
Annual Report Filed 2024-03-01 Annual Report For Magnolia Drugs Inc.
Annual Report Filed 2023-04-12 Annual Report For Magnolia Drugs Inc.
Amendment Form Filed 2022-10-22 Amendment For Magnolia Drugs Inc.
Annual Report Filed 2022-01-14 Annual Report For Magnolia Drugs Inc.
Annual Report Filed 2021-03-05 Annual Report For Magnolia Drugs Inc.
Annual Report Filed 2020-03-17 Annual Report For Magnolia Drugs Inc.
Business Conversion Filed 2019-12-12 Business Conversion For Magnolia Drugs LLC
Annual Report LLC Filed 2019-05-07 Annual Report For Magnolia Drugs LLC
Annual Report LLC Filed 2019-04-03 Annual Report For Magnolia Drugs LLC

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
7079947205 2020-04-28 0470 PPP 1757 STATE ROAD 178, Suite B, MYRTLE, MS, 38650-9233
Loan Status Date 2021-02-23
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 29200
Loan Approval Amount (current) 29200
Undisbursed Amount 0
Franchise Name -
Lender Location ID 39728
Servicing Lender Name The Peoples Bank
Servicing Lender Address 305 E Jefferson St, RIPLEY, MS, 38663-2021
Rural or Urban Indicator R
Hubzone N
LMI N
Business Age Description New Business or 2 years or less
Project Address MYRTLE, UNION, MS, 38650-9233
Project Congressional District MS-01
Number of Employees 2
NAICS code 446110
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Subchapter S Corporation
Originating Lender ID 39728
Originating Lender Name The Peoples Bank
Originating Lender Address RIPLEY, MS
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 29405.6
Forgiveness Paid Date 2021-01-12

Date of last update: 02 Apr 2025

Sources: Mississippi Secretary of State