# PPP loan: MAGNOLIA RIVER TRANSMISSION, LLC
> **$891K** approved 04/08/2020 · Paid in Full · Loan `8158967007`
## Borrower
- **Name:** MAGNOLIA RIVER TRANSMISSION, LLC
- **Address:** 711 Nance Ford Rd SW Suite E, HARTSELLE, AL, 35640-3767
- **NAICS:** 237130
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $891K
- **Initial approval:** $891K
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $885K
- **Health care:** $6K
- **Jobs reported:** 400
## Lender
- **Originating:** Peoples Bank of Alabama
- **Servicing:** Peoples Bank of Alabama (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*