# PPP loan: MAGNOLIA LANE INC.
> **$317K** approved 04/04/2020 · Paid in Full · Loan `4690777007`
## Borrower
- **Name:** MAGNOLIA LANE INC.
- **Address:** 1920 Woodlands Industrial Drive, TRUSSVILLE, AL, 35173-3128
- **NAICS:** 453220
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $317K
- **Initial approval:** $317K
- **Forgiven:** $321K (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $317K
- **Jobs reported:** 9
## Lender
- **Originating:** United Community Bank
- **Servicing:** United Community Bank (SC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*