PPP Loan information for Magnolia electric power association

$1,606,780

Magnolia electric power association was initially approved for PPP Loan of amount $1,606,780, the current approved amount is $1,606,780. The loan was approved on 04/06/2020 by The First Southern Bank reported 94 jobs and $1,606,780 was used to fund payroll.

Magnolia electric power association is Existing or more than 2 years old

PPP Loan Search / MS / SUMMIT / Magnolia electric power association

MAGNOLIA ELECTRIC POWER ASSOCIATION

Date Approved

04/06/2020

SBA Office Code

0470

Processing Method

PPP

Borrower Name

MAGNOLIA ELECTRIC POWER ASSOCIATION

Borrower Address

3027 HIGHWAY 98 WEST

Borrower City

SUMMIT

Borrower State

MS

Borrower Zip

39666-0001

Loan Status Date

04/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1606780.00

Current Approval Amount

1606780.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

88691

Servicing Lender Name

First Southern Bank

Servicing Lender Address

1075 Hwy 98

Servicing Lender City

COLUMBIA

Servicing Lender State

MS

Servicing Lender Zip

39429-3741

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SUMMIT

Project County Name

PIKE

Project State

MS

Project Zip

39666-0001

CD

MS-03

Jobs Reported

94

NAICS Code

221122

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1606780.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Cooperative

Originating Lender Location Id

88691

Originating Lender

First Southern Bank

Originating Lender City

COLUMBIA

Originating Lender State

MS

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1621527.16

Forgiveness Date

03/18/2021

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