# PPP loan: MAGNOLIA HOSPITALITY MANAGEMENT CO LLC
> **$388K** approved 05/01/2020 · Paid in Full · Loan `5474297702`
## Borrower
- **Name:** MAGNOLIA HOSPITALITY MANAGEMENT CO LLC
- **Address:** 10500 AVERY CLUB DR C/O ADAM OWEN, AUSTIN, TX, 78717
- **NAICS:** 561110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $388K
- **Initial approval:** $388K
- **Forgiven:** $392K (101%)
- **Forgiveness date:** 05/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $388K
- **Jobs reported:** 69
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*