# PPP loan: SWEET MAGNOLIA SOUL FOOD INC
> **$156K** approved 05/03/2020 · Charged Off · Loan `9970127302`
## Borrower
- **Name:** SWEET MAGNOLIA SOUL FOOD INC
- **Address:** 29221 Northwestern Hwy Suite 214, Southfield, MI, 48034
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $156K
- **Initial approval:** $156K
- **Forgiven:** $57K (36%)
- **Forgiveness date:** 11/17/2021
- **Status:** Charged Off
- **Term:** — months
## Use of funds
- **Payroll:** $156K
- **Jobs reported:** 34
## Lender
- **Originating:** Milestone Bank
- **Servicing:** Milestone Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*