# PPP loan: MAGNOLIA FLOORING MILL, LLC
> **$625K** approved 04/06/2020 · Exemption 4 · Loan `6122707009`
## Borrower
- **Name:** MAGNOLIA FLOORING MILL, LLC
- **Address:** 700 MILL RD, HAMBURG, AR, 71646-3410
- **NAICS:** 531120
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $625K
- **Initial approval:** $625K
- **Forgiven:** $473K (76%)
- **Forgiveness date:** 11/10/2020
- **Status:** Exemption 4
- **Term:** 77 months
## Use of funds
- **Payroll:** $625K
- **Jobs reported:** 59
## Lender
- **Originating:** Farmers Bank & Trust Company
- **Servicing:** Farmers Bank & Trust Company (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*