# PPP loan: MAGNOLIA OPERATING, LLC
> **$731K** approved 04/28/2020 · Paid in Full · Loan `9386167206`
## Borrower
- **Name:** MAGNOLIA OPERATING, LLC
- **Address:** 244 West 54th Street, Suite 501, New York, NY, 10019-5515
- **NAICS:** 722515
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $731K
- **Initial approval:** $731K
- **Forgiven:** $735K (101%)
- **Forgiveness date:** 12/08/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $731K
- **Jobs reported:** 56
## Lender
- **Originating:** Bank of Ann Arbor
- **Servicing:** Bank of Ann Arbor (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*