PPP Loan Data — Shenandoah Valley Electric Cooperative, Bridgewater, VA
Shenandoah Valley Electric Cooperative is a cooperative located at 180 Oakwood Dr in Bridgewater, Virginia that received a Coronavirus-related PPP loan from the SBA of $3,967,000.00 in April, 2020.
The company has reported itself as a White male owned business.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:THE FIRST BANK AND TRUST COMPANY
Shenandoah Valley Electric Cooperative in Bridgewater, VA received a Paycheck Protection Loan of $3.97M through THE FIRST BANK AND TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Shenandoah Valley Electric Cooperative's total 2019 payroll expenses were approximately $19.04M in order to qualify for the PPP loan amount received.
Unlike most businesses, Shenandoah Valley Electric Cooperative'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 - Shenandoah Valley Electric Cooperative in Bridgewater, VA
180 Oakwood Dr
Bridgewater, VA 22812
Electric Power Distribution (NAICS code 221122)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: VA-06
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, and received an average PPP loan of $618,396, 84% lower than this company's loan of $3.97M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!