PPP Loan Data — Southwest Louisiana Electric Membership Corporation, Lafayette, LA
Southwest Louisiana Electric Membership Corporation is a cooperative located at 2727 Se Evangeline Trwy in Lafayette, Louisiana that received a Coronavirus-related PPP loan from the SBA of $5,302,335.00 in May, 2020.
$ PPP Loan Information
Southwest Louisiana Electric Membership Corporation received a Paycheck Protection Loan of $5.3M through COBANK ACB, which was approved in May, 2020.
Based on standard PPP eligibility rules, Southwest Louisiana Electric Membership Corporation's total 2019 payroll expenses were approximately $25.45M in order to qualify for the PPP loan amount received.
Based on their reported 266 jobs retained, this equals an estimated average yearly compensation of $95,681 per employee1.
Business Information - Southwest Louisiana Electric Membership Corporation in Lafayette, LA
2727 Se Evangeline Trwy
Lafayette, LA 70508
Electric Power Distribution (NAICS code 221122)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: LA-03
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 Southwest Louisiana Electric Membership Corporation's reported 266 employees, and received an average PPP loan of $618,396, 88% lower than this company's loan of $5.3M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!