# PPP loan: MAGNOLIA FLEET, LLC
> **$2.61M** approved 04/09/2020 · Paid in Full · Loan `8945277000`
## Borrower
- **Name:** MAGNOLIA FLEET, LLC
- **Address:** 3000 RIDGELAKE DR, METAIRIE, LA, 70002-4948
- **NAICS:** 483211
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.61M
- **Initial approval:** $2.61M
- **Forgiven:** $2.65M (101%)
- **Forgiveness date:** 06/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.61M
- **Jobs reported:** 170
## Lender
- **Originating:** Hancock Whitney Bank
- **Servicing:** Hancock Whitney Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*