# PPP loan: MAGNOLIA SPEECH SCHOOL, INC.
> **$260K** approved 04/07/2020 · Paid in Full · Loan `7488747009`
## Borrower
- **Name:** MAGNOLIA SPEECH SCHOOL, INC.
- **Address:** 733 FLAG CHAPEL RD, JACKSON, MS, 39209-2206
- **NAICS:** 621340
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $260K
- **Initial approval:** $260K
- **Forgiven:** $262K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $210K
- **Utilities:** $34K
- **Health care:** $16K
- **Jobs reported:** 35
## 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*