MAGNOLIA ELECTRIC POWER ASSOCIATION

Summary of PPP (Paycheck Protection Program) Loan approved to MAGNOLIA ELECTRIC POWER ASSOCIATION by First Southern Bank. The loan was approved on 4/06/2020 in the range of $1-2 million.

Business Information

Name:

MAGNOLIA ELECTRIC POWER ASSOCIATION

3027 HIGHWAY 98 WEST
SUMMIT, MS 39666
Business type: Cooperative
Utilities
→ Electric Power Distribution
Non-profit: No
Loan amount: $1-2 million
(50 Jobs retained)
Date approved: April 06, 2020
Lender First Southern Bank

Note: Only loans exceeding $150,000 are displayed here. Businesses receiving PPP loans less than $150,000 are excluded. Additionally, borrowers that received PPP loans but have since return it, are also excluded.

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $659 billion toward job retention and certain other expenses. Read more information about the Paycheck Protection Program or the CARES Act.