PPP Loan Data — South Central Power Company, Lancaster, OH
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
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.
Business Information - South Central Power Company in Lancaster, OH
2780 Coonpath Rd Ne
Lancaster, OH 43130
Electric Power Distribution (NAICS code 221122)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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.
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Footnotes & Information
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