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Magic Valley Electric Cooperative INC

$3,486,800 PPP Loan in Mercedes, Texas

Loan Details

Loan Number
6798567309
Date Approved
Apr 30, 2020
Loan Status
Paid in Full
Initial Approval
$3,486,800
Current Approval
$3,486,800
Forgiveness Amount
$3,525,639
Forgiveness Date
Jun 14, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Magic Valley Electric Cooperative INC
Address
Po Box 267
City
Mercedes
State
Texas
ZIP Code
78570
Business Type
Subchapter S Corporation
Industry (NAICS)
Utilities (221122)
Business Age
Existing or more than 2 years old
Jobs Reported
270
Estimated Revenue
N/A
Rural/Urban
Urban
Congressional District
TX-34

Loan Use Breakdown

Payroll
$3,486,800

Lender Information

Servicing Lender
Plainscapital Bank
Originating Lender
Plainscapital Bank

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