# PPP loan: MAGNOLIA SCHOOL OF PHILADELPHIA CORP
> **$227K** approved 04/15/2020 · Paid in Full · Loan `2129777209`
## Borrower
- **Name:** MAGNOLIA SCHOOL OF PHILADELPHIA CORP
- **Address:** 6 INDUSTRIAL WAY W, EATONTOWN, NJ, 07724-2268
- **NAICS:** 611511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $227K
- **Initial approval:** $227K
- **Forgiven:** $230K (101%)
- **Forgiveness date:** 08/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $227K
- **Jobs reported:** 28
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*