# PPP loan: MAGNOLIA HOMES, INC
> **$280K** approved 04/10/2020 · Paid in Full · Loan `1741157104`
## Borrower
- **Name:** MAGNOLIA HOMES, INC
- **Address:** 3023 CENTRE OAK WAY Suite 101, GERMANTOWN, TN, 38138-6303
- **NAICS:** 236118
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $280K
- **Initial approval:** $280K
- **Forgiven:** $283K (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $280K
- **Jobs reported:** 15
## Lender
- **Originating:** Simmons Bank
- **Servicing:** Simmons Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*