# PPP loan: MAGNOLIA PEARL TEXAS, LLC
> **$278K** approved 04/09/2020 · Paid in Full · Loan `1149737102`
## Borrower
- **Name:** MAGNOLIA PEARL TEXAS, LLC
- **Address:** 461 SPLIT RAIL XING, FREDERICKSBURG, TX, 78624-7446
- **NAICS:** 448140
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $278K
- **Initial approval:** $278K
- **Forgiven:** $280K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $252K
- **Rent:** $20K
- **Utilities:** $6K
- **Jobs reported:** 31
## Lender
- **Originating:** First United Bank and Trust Company
- **Servicing:** First United Bank and Trust Company (OK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*