PPP Loan Data — Delta-Montrose Electric Association, Montrose, CO
Delta-Montrose Electric Association is a cooperative located at 11925 6300 Road in Montrose, Colorado that received a Coronavirus-related PPP loan from the SBA of $2,447,500.00 in May, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Delta-Montrose Electric Association in Montrose, CO received a Paycheck Protection Loan of $2.45M through ALPINE BANK, which was approved in May, 2020.
Based on standard PPP eligibility rules, Delta-Montrose Electric Association's total 2019 payroll expenses were approximately $11.75M in order to qualify for the PPP loan amount received.
Unlike most businesses, Delta-Montrose Electric Association's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Delta-Montrose Electric Association in Montrose, CO
11925 6300 Road
Montrose, CO 81401
Other Electric Power Generation (NAICS code 221118)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CO-03
Industry PPP Comparison Statistics
Nationwide, 1,692 businesses in the "Other Electric Power Generation" industry received a total of $212,536,444.00 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 8 employees, and received an average PPP loan of $125,613, 95% lower than this company's loan of $2.45M.
FederalPay's PPP Information Policy
Footnotes & Information
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