# PPP loan: MAGNOLIA FTT, LLC
> **$870K** approved 04/08/2020 · Paid in Full · Loan `8806637001`
## Borrower
- **Name:** MAGNOLIA FTT, LLC
- **Address:** 7503 Bosque Blvd, WOODWAY, TX, 76712-3711
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $870K
- **Initial approval:** $868K
- **Forgiven:** $884K (102%)
- **Forgiveness date:** 12/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $653K
- **Rent:** $218K
- **Jobs reported:** 111
## Lender
- **Originating:** First National Bank of Central Texas
- **Servicing:** First National Bank of Central Texas (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*