# PPP loan: SOUTHERN PINE ELECTRIC COOPERATIVE
> **$4.01M** approved 04/04/2020 · Paid in Full · Loan `4865927007`
## Borrower
- **Name:** SOUTHERN PINE ELECTRIC COOPERATIVE
- **Address:** 13491 Hwy 28 West, TAYLORSVILLE, MS, 39168
- **NAICS:** 221118
- **Business type:** Cooperative
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $4.01M
- **Initial approval:** $4.01M
- **Forgiven:** $4.06M (101%)
- **Forgiveness date:** 07/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.01M
- **Jobs reported:** 227
## Lender
- **Originating:** Magnolia State Bank
- **Servicing:** Magnolia State Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*