Dixie Electric Power Association

$1,975,000 PPP Loan in Laurel, Mississippi

Loan Details

Loan Number
6971627406
Date Approved
May 15, 2020
Loan Status
Paid in Full
Initial Approval
$1,975,000
Current Approval
$1,975,000
Forgiveness Amount
$1,995,616
Forgiveness Date
Jun 4, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Dixie Electric Power Association
Address
1863 Highway 184
City
Laurel
ZIP Code
39443-2626
Business Type
Non-Profit Organization
Industry (NAICS)
Utilities (221118)
Business Age
Existing or more than 2 years old
Jobs Reported
107
Estimated Revenue
N/A (non-profit)
Non-Profit
Yes
Rural/Urban
Rural
Congressional District
MS-04

Loan Use Breakdown

Payroll
$1,290,500
Utilities
$202,800
Health Care
$481,700

Lender Information

Servicing Lender
Community Bank of Mississippi
Originating Lender
Community Bank of Mississippi

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