# PPP loan: MAGNOLIA MANAGEMENT COMPANY, LLC
> **$3.20M** approved 04/27/2020 · Paid in Full · Loan `5376717203`
## Borrower
- **Name:** MAGNOLIA MANAGEMENT COMPANY, LLC
- **Address:** 200 NORTH MAIN ST 204, EAST LONGMEADOW, MA, 01028-2326
- **NAICS:** 623312
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.20M
- **Initial approval:** $3.20M
- **Forgiven:** $3.24M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.20M
- **Jobs reported:** 500
## Lender
- **Originating:** New Valley Bank & Trust
- **Servicing:** New Valley Bank & Trust (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*