PPP borrower record
MAGNOLIA ELECTRIC POWER ASSOCIATION PPP loan record
Public SBA PPP loan record for MAGNOLIA ELECTRIC POWER ASSOCIATION. Review approval amount, forgiveness amount, lender fields, borrower location, and source limitations.
$1,606,780
Approved amount
$1,621,527
Forgiven amount
2020-04-06
Date approved
Borrower and loan details
Borrower
MAGNOLIA ELECTRIC POWER ASSOCIATION
Loan number
6039317009
Business type
Cooperative
Business age
Existing or more than 2 years old
Borrower city
Summit
Borrower state
Mississippi
Borrower ZIP
39666
Jobs reported
94
Loan status
Paid in Full
Forgiveness date
2021-03-18
Servicing lender
First Southern Bank
Originating lender
First Southern Bank
Reported use of proceeds
Payroll
$1,606,780
Rent
N/A
Utilities
N/A
Mortgage interest
N/A
Health care
N/A
Debt interest
N/A
Location pages
Related directories
Source note
PPP Loan Map uses SBA public PPP records and Geocodio's geocoded PPP dataset for latitude, longitude, and Census geography. Map pins are geocoded estimates, not verified current business locations. Records are public administrative data, not legal findings.