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PPP Loan Data — South Central Power Company, Lancaster, OH

SBA PPP loan data, payroll data, and salaries for South Central Power Company

South Central Power Company

Entity: Cooperative

Industry: Electric Power Distribution

Location: Lancaster, OH

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South Central Power Company is a cooperative located at 2780 Coonpath Rd Ne in Lancaster, Ohio that received a Coronavirus-related PPP loan from the SBA of $4,195,952.00 in June, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




South Central Power Company in Lancaster, OH received a Paycheck Protection Loan of $4.2M through COBANK ACB, which was approved in June, 2020.

Based on standard PPP eligibility rules, South Central Power Company's total 2019 payroll expenses were approximately $20.14M 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 $80,562 per employee1.

Because the loan received by South Central Power Company is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - South Central Power Company in Lancaster, OH

South Central Power Company
2780 Coonpath Rd Ne
Lancaster, OH 43130

Business Industry

Electric Power Distribution (NAICS code 221122)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OH-15

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, 88% lower than South Central Power Company's reported 250 employees, and received an average PPP loan of $618,396, 85% lower than this company's loan of $4.2M.

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.

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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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