PPP borrower record
MAGIC VALLEY ELECTRIC COOPERATIVE INC PPP loan record
Public SBA PPP loan record for MAGIC VALLEY ELECTRIC COOPERATIVE INC. Review approval amount, forgiveness amount, lender fields, borrower location, and source limitations.
$3,486,800
Approved amount
$3,525,639
Forgiven amount
2020-04-30
Date approved
Borrower and loan details
Borrower
MAGIC VALLEY ELECTRIC COOPERATIVE INC
Loan number
6798567309
Business type
Subchapter S Corporation
Business age
Existing or more than 2 years old
Borrower city
Mercedes
Borrower state
Texas
Borrower ZIP
78570
Jobs reported
270
Loan status
Exemption 4
Forgiveness date
2021-06-14
Servicing lender
PlainsCapital Bank
Originating lender
PlainsCapital Bank
Reported use of proceeds
Payroll
$3,486,800
Rent
N/A
Utilities
N/A
Mortgage interest
N/A
Health care
N/A
Debt interest
N/A
Location pages
Related directories
Source note
PPP Loan Map uses SBA public PPP records and Geocodio's geocoded PPP dataset for latitude, longitude, and Census geography. Map pins are geocoded estimates, not verified current business locations. Records are public administrative data, not legal findings.