# PPP loan: MAGNOLIA HOSPITALITY, LLC
> **$154K** approved 06/10/2020 · Paid in Full · Loan `1382067904`
## Borrower
- **Name:** MAGNOLIA HOSPITALITY, LLC
- **Address:** 501 UNION AVE, KNOXVILLE, TN, 37902-2115
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $154K
- **Initial approval:** $154K
- **Forgiven:** $156K (101%)
- **Forgiveness date:** 08/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $133K
- **Rent:** $14K
- **Utilities:** $7K
- **Jobs reported:** 19
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*