# PPP loan: MAGNOLIA ENTERPRISES INC
> **$876K** approved 04/10/2020 · Paid in Full · Loan `1742057100`
## Borrower
- **Name:** MAGNOLIA ENTERPRISES INC
- **Address:** 365 Canal Street Suite 2800, New Orleans, LA, 70130-1058
- **NAICS:** 448190
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $876K
- **Initial approval:** $876K
- **Forgiven:** $829K (95%)
- **Forgiveness date:** 09/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $658K
- **Utilities:** $218K
- **Jobs reported:** 125
## Lender
- **Originating:** First Bank and Trust, A Division of BankPlus
- **Servicing:** BankPlus (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*