As part of the Paycheck Protection Program MAGNOLIA ELECTRIC POWER ASSOCIATION was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

MAGNOLIA ELECTRIC POWER ASSOCIATION


Loan Amount	$1,606,780
BusinessName	MAGNOLIA ELECTRIC POWER ASSOCIATION
Address	3027 HIGHWAY 98 WEST
City	SUMMIT
State	MS
Zip	39666
NAICSCode	221122
BusinessType	Cooperative
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	94
DateApproved	04/06/2020
Lender	First Southern Bank
CD	MS-03
BusinessName.clean	MAGNOLIA ELECTRIC POWER ASSOCIATION

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

Other Organizations with PPP Loans

MAGNOLIA ENTERPRISES
MAGNOLIA FAMILY MEDICAL CLINIC
MAGNOLIA FLEET
MAGNOLIA FOODS
MAGNOLIA FTT