# PPP loan: THE MAGNOLIA SCHOOL, LLC.
> **$194K** approved 05/01/2020 · Paid in Full · Loan `2951237706`
## Borrower
- **Name:** THE MAGNOLIA SCHOOL, LLC.
- **Address:** 2903 RANCH RD 620 N BLDG B, AUSTIN, TX, 78734
- **NAICS:** 611110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $194K
- **Initial approval:** $194K
- **Forgiven:** $196K (101%)
- **Forgiveness date:** 07/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $190K
- **Health care:** $4K
- **Jobs reported:** 250
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*