# PPP loan: MAGOULAS ENTERPRISES, INC.
> **$154K** approved 04/05/2020 · Paid in Full · Loan `5372467007`
## Borrower
- **Name:** MAGOULAS ENTERPRISES, INC.
- **Address:** 7931 E. 24TH ST, JOPLIN, MO, 64804-5117
- **NAICS:** 561910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $154K
- **Initial approval:** $154K
- **Forgiven:** $156K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $123K
- **Rent:** $15K
- **Utilities:** $15K
- **Jobs reported:** 17
## Lender
- **Originating:** Commerce Bank
- **Servicing:** Commerce Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*