# PPP loan: MAGNOLIA MASONRY
> **$164K** approved 06/02/2020 · Exemption 4 · Loan `6884267810`
## Borrower
- **Name:** MAGNOLIA MASONRY
- **Address:** 429 E COMMERCE ST ste 315, HERNANDO, MS, 38632-2348
- **NAICS:** 238140
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $164K
- **Initial approval:** $164K
- **Forgiven:** $35K (22%)
- **Forgiveness date:** 03/30/2022
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $164K
- **Jobs reported:** 28
## Lender
- **Originating:** Regions Bank
- **Servicing:** Regions Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*