# PPP loan: MAGNOLIA PLANTATION CORPORATION
> **$511K** approved 05/01/2021 · Paid in Full · Loan `5975828907`
## Borrower
- **Name:** MAGNOLIA PLANTATION CORPORATION
- **Address:** 3550 Ashley River Rd, Charleston, SC, 29414-7109
- **NAICS:** 712120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $511K
- **Initial approval:** $511K
- **Forgiven:** $517K (101%)
- **Forgiveness date:** 06/02/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $511K
- **Utilities:** $1
- **Jobs reported:** 111
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*