# PPP loan: MAGNOLIA PROVISION COMPANY
> **$408K** approved 02/04/2021 · Paid in Full · Loan `2848398401`
## Borrower
- **Name:** MAGNOLIA PROVISION COMPANY
- **Address:** 2013 Dutch Valley Dr, Knoxville, TN, 37918-1611
- **NAICS:** 311611
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $408K
- **Initial approval:** $408K
- **Forgiven:** $410K (100%)
- **Forgiveness date:** 08/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $407K
- **Utilities:** $1
- **Jobs reported:** 50
## Lender
- **Originating:** Mountain Commerce Bank
- **Servicing:** Mountain Commerce Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*