Magnolia Electric Power Association
$1,606,780 PPP Loan in Summit, Mississippi
Loan Details
- Loan Number
- 6039317009
- Date Approved
- Apr 6, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $1,606,780
- Current Approval
- $1,606,780
- Forgiveness Amount
- $1,621,527
- Forgiveness Date
- Mar 18, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Magnolia Electric Power Association
- Address
- 3027 Highway 98 West
- City
- Summit
- State
- Mississippi
- ZIP Code
- 39666-0001
- Business Type
- Cooperative
- Industry (NAICS)
- Utilities (221122)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 94
- Estimated Revenue
- N/A
- Rural/Urban
- Rural
- Congressional District
- MS-03
Loan Use Breakdown
- Payroll
- $1,606,780
Lender Information
- Servicing Lender
- First Southern Bank
- Originating Lender
- First Southern Bank
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