As part of the Paycheck Protection Program MAGNOLIA RIVER TRANSMISSION, LLC 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 RIVER TRANSMISSION, LLC


Loan Amount	$891,400
BusinessName	MAGNOLIA RIVER TRANSMISSION, LLC
Address	711 Nance Ford Rd SW
City	HARTSELLE
State	AL
Zip	35640
NAICSCode	237130
BusinessType	Subchapter S Corporation
RaceEthnicity	Unanswered
Gender	Male Owned
Veteran	Unanswered
NonProfit
JobsReported	400
DateApproved	04/08/2020
Lender	Peoples Bank of Alabama
CD	AL-05
BusinessName.clean	MAGNOLIA RIVER TRANSMISSION

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 STEEL CO
MAGNOLIA VOLUNTEER FIRE DEPARTMENT
MAGNOPUS
MAGNUM CONSTRUCTION MANAGEMENT
MAGNUM CONSTRUCTION SERVICES LTD