# PPP loan: MAGNOLIA PACKING, INC.
> **$340K** approved 04/07/2020 · Paid in Full · Loan `6993507003`
## Borrower
- **Name:** MAGNOLIA PACKING, INC.
- **Address:** 1307 SOUTHERFIELD RD, AMERICUS, GA, 31719-8134
- **NAICS:** 488991
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $340K
- **Initial approval:** $340K
- **Forgiven:** $342K (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $272K
- **Rent:** $36K
- **Utilities:** $32K
- **Jobs reported:** 75
## Lender
- **Originating:** Citizens Bank of Americus
- **Servicing:** Citizens Bank of Americus (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*