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PPP Loan Data — Coast Electric Power Association,
Kiln, MS
Coast Electric Power Association
Entity: Professional Association
Industry: Hydroelectric Power Generation
Location: Kiln, MS
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Coast Electric Power Association is a professional association located at 18020 Highway 603 in Kiln, Mississippi that received a Coronavirus-related PPP loan from the SBA of $4,445,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
250Loan Approved:
2020-04-08Lender:
REGIONS BANKCoast Electric Power Association in Kiln, MS received a Paycheck Protection Loan of $4.45M through REGIONS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Coast Electric Power Association's total 2019 payroll expenses were approximately $21.34M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $85,344 per employee1.
Business Information - Coast Electric Power Association in Kiln, MS
18020 Highway 603
Kiln, MS 39556
Business Industry
Hydroelectric Power Generation (NAICS code 221111)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MS-04Industry PPP Comparison Statistics
Nationwide, 184 businesses in the "Hydroelectric Power Generation" industry received a total of $27,212,104.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 14 employees, 94% lower than Coast Electric Power Association's reported 250 employees, and received an average PPP loan of $147,892, 97% lower than this company's loan of $4.45M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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