# PPP loan: MAGNOLIA CAFE INC
> **$736K** approved 01/21/2021 · Paid in Full · Loan `3122898306`
## Borrower
- **Name:** MAGNOLIA CAFE INC
- **Address:** 1920 S Congress Ave, Austin, TX, 78704-3503
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $736K
- **Initial approval:** $736K
- **Forgiven:** $740K (101%)
- **Forgiveness date:** 08/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $736K
- **Utilities:** $1
- **Jobs reported:** 64
## Lender
- **Originating:** Horizon Bank SSB
- **Servicing:** Horizon Bank SSB (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*