# PPP loan: MAGNOLIA CAPITAL MANAGEMENT COMPANY INC
> **$580K** approved 04/14/2020 · Paid in Full · Loan `7507267101`
## Borrower
- **Name:** MAGNOLIA CAPITAL MANAGEMENT COMPANY INC
- **Address:** 1 N WACKER DR SUITE 1905, CHICAGO, IL, 60606
- **NAICS:** 531390
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $580K
- **Initial approval:** $580K
- **Forgiven:** $585K (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $580K
- **Jobs reported:** 33
## Lender
- **Originating:** Fifth Third Bank
- **Servicing:** Fifth Third Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*