# PPP loan: MAGNOLIA TRAILERS INC
> **$351K** approved 04/14/2020 · Paid in Full · Loan `6529347108`
## Borrower
- **Name:** MAGNOLIA TRAILERS INC
- **Address:** 144 AIRPORT CAFE CIR, LUCEDALE, MS, 39452-4732
- **NAICS:** 336212
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $351K
- **Initial approval:** $351K
- **Forgiven:** $354K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $283K
- **Utilities:** $53K
- **Health care:** $16K
- **Jobs reported:** 28
## Lender
- **Originating:** Community Bank of Mississippi
- **Servicing:** Community Bank of Mississippi (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*