# PPP loan: MAGNOLIA SPECIALIZED SERVICES INC
> **$352K** approved 01/28/2021 · Paid in Full · Loan `7428198309`
## Borrower
- **Name:** MAGNOLIA SPECIALIZED SERVICES INC
- **Address:** 1616 N Vine, Magnolia, AR, 71753-9740
- **NAICS:** 624110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $352K
- **Initial approval:** $352K
- **Forgiven:** $356K (101%)
- **Forgiveness date:** 03/29/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $352K
- **Utilities:** $1
- **Jobs reported:** 87
## Lender
- **Originating:** Cadence Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*