PPP Loan Data — Pearl River Valley Electric Power Association, Columbia, MS
Pearl River Valley Electric Power Association is a cooperative located at 1422 Hwy 13 North in Columbia, Mississippi that received a Coronavirus-related PPP loan from the SBA of $2,577,700.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 131 people during the applicable loan loan period.
$ PPP Loan Information
Lender:FIRST SOUTHERN BANK
Pearl River Valley Electric Power Association received a Paycheck Protection Loan of $2.58M through FIRST SOUTHERN BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Pearl River Valley Electric Power Association's total 2019 payroll expenses were approximately $12.37M in order to qualify for the PPP loan amount received.
Based on their reported 131 jobs retained, this equals an estimated average yearly compensation of $94,450 per employee1.
Business Information - Pearl River Valley Electric Power Association in Columbia, MS
1422 Hwy 13 North
Columbia, MS 39429
Electric Power Distribution (NAICS code 221122)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: MS-04
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, 76% lower than Pearl River Valley Electric Power Association's reported 131 employees, and received an average PPP loan of $618,396, 76% lower than this company's loan of $2.58M.
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Footnotes & Information
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