# PPP loan: FIRST BAPTIST CHURCH OF MAGNOLIA, TEXAS
> **$258K** approved 04/11/2020 · Paid in Full · Loan `2985327108`
## Borrower
- **Name:** FIRST BAPTIST CHURCH OF MAGNOLIA, TEXAS
- **Address:** 18525 FM 1488 Rd., MAGNOLIA, TX, 77353
- **NAICS:** 813110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $258K
- **Initial approval:** $258K
- **Forgiven:** $259K (101%)
- **Forgiveness date:** 11/27/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $258K
- **Jobs reported:** 57
## Lender
- **Originating:** Stellar Bank
- **Servicing:** Stellar Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*