PPP Loan information for Southern pine electric cooperative

$4,005,200

Southern pine electric cooperative was initially approved for PPP Loan of amount $4,005,200, the current approved amount is $4,005,200. The loan was approved on 04/04/2020 by The Magnolia State Bank reported 227 jobs and $4,005,200 was used to fund payroll.

Southern pine electric cooperative is New Business or 2 years or less

PPP Loan Search / MS / TAYLORSVILLE / Southern pine electric cooperative

SOUTHERN PINE ELECTRIC COOPERATIVE

Date Approved

04/04/2020

SBA Office Code

0470

Processing Method

PPP

Borrower Name

SOUTHERN PINE ELECTRIC COOPERATIVE

Borrower Address

13491 Hwy 28 West

Borrower City

TAYLORSVILLE

Borrower State

MS

Borrower Zip

39168

Loan Status Date

09/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

4005200.00

Current Approval Amount

4005200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39096

Servicing Lender Name

Magnolia State Bank

Servicing Lender Address

28 Hwy 528

Servicing Lender City

BAY SPRINGS

Servicing Lender State

MS

Servicing Lender Zip

39422-4821

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

TAYLORSVILLE

Project County Name

SMITH

Project State

MS

Project Zip

39168-0001

CD

MS-03

Jobs Reported

227

NAICS Code

221118

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

4005200.00

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

39096

Originating Lender

Magnolia State Bank

Originating Lender City

BAY SPRINGS

Originating Lender State

MS

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

4057712.62

Forgiveness Date

07/30/2021

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