# PPP loan: MAGNOLIA PHARMACY INC
> **$262K** approved 04/27/2020 · Paid in Full · Loan `4247817208`
## Borrower
- **Name:** MAGNOLIA PHARMACY INC
- **Address:** 18230 FM 1488 STE 100, MAGNOLIA, TX, 77354
- **NAICS:** 446110
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $262K
- **Initial approval:** $262K
- **Forgiven:** $264K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $262K
- **Jobs reported:** 26
## Lender
- **Originating:** Woodforest National Bank
- **Servicing:** Woodforest National Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*