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3 Magnolia companies owned by Chip and Joanna Gaines filed for PPP loans to retain 200+ jobs
Read full article: 3 Magnolia companies owned by Chip and Joanna Gaines filed for PPP loans to retain 200+ jobsPPP loans were requested for Magnolia Flour, LLC and Magnolia FTT, LLC in the amount of $350,000-$1 million. Magnolia Flour, LLC does business as Silos Baking Co. and Magnolia FTT, LLC does business as Magnolia Table. Data shows the loans for Magnolia Flour, LLC and Magnolia FTT, LLC were made on April 8, and the loan for Magnolia Kitchen was made on April 9. Combined, all three Magnolia businesses that requested PPP loans allowed 210 people to retain their jobs, according to the data. Magnolia Kitchen, Magnolia Flour, LLC and Magnolia FTT, LLC all fit the criteria for small businesses as they have less than 500 employees and were directly impacted by COVID-19 closures.