# PPP loan: MAGNOLIA ADVANCED MATERIALS INC.
> **$932K** approved 04/27/2020 · Paid in Full · Loan `4622757206`
## Borrower
- **Name:** MAGNOLIA ADVANCED MATERIALS INC.
- **Address:** 4360 Northeast Expy, ATLANTA, GA, 30340
- **NAICS:** 325510
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $932K
- **Initial approval:** $932K
- **Forgiven:** $944K (101%)
- **Forgiveness date:** 08/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $932K
- **Jobs reported:** 68
## Lender
- **Originating:** Renasant Bank
- **Servicing:** Renasant Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*