PPP Loan Data — Midwest Energy, Inc., Hays, KS
Midwest Energy, Inc. is a cooperative located at 1330 Canterbury Dr in Hays, Kansas that received a Coronavirus-related PPP loan from the SBA of $4,442,700.00 in May, 2020.
$ PPP Loan Information
Midwest Energy, Inc. in Hays, KS received a Paycheck Protection Loan of $4.44M through COBANK ACB, which was approved in May, 2020.
Based on standard PPP eligibility rules, Midwest Energy, Inc.'s total 2019 payroll expenses were approximately $21.32M in order to qualify for the PPP loan amount received.
Based on their reported 280 jobs retained, this equals an estimated average yearly compensation of $76,161 per employee1.
Business Information - Midwest Energy, Inc. in Hays, KS
1330 Canterbury Dr
Hays, KS 67601
Electric Power Distribution (NAICS code 221122)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: KS-01
Industry PPP Comparison Statistics
Nationwide, 823 businesses in the "Electric Power Distribution" industry received a total of $508,939,757.00 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 31 employees, 89% lower than Midwest Energy, Inc.'s reported 280 employees, and received an average PPP loan of $618,396, 86% lower than this company's loan of $4.44M.
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Footnotes & Information
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