# PPP loan: MAGNOLIA BRUSH MANUFACTURERS, LTD
> **$888K** approved 04/13/2020 · Paid in Full · Loan `5227037109`
## Borrower
- **Name:** MAGNOLIA BRUSH MANUFACTURERS, LTD
- **Address:** 1000 N. CEDAR ST, CLARKSVILLE, TX, 75426-2700
- **NAICS:** 339994
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $888K
- **Initial approval:** $888K
- **Forgiven:** $894K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $888K
- **Jobs reported:** 98
## Lender
- **Originating:** State Bank of De Kalb
- **Servicing:** State Bank of De Kalb (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*