As part of the Paycheck Protection Program POWELL VALLEY ELECTRIC COOPERATIVE was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

POWELL VALLEY ELECTRIC COOPERATIVE


Loan Amount	$1,254,100
BusinessName	POWELL VALLEY ELECTRIC COOPERATIVE
Address	420 Straight Creek Road
City	New Tazewell
State	TN
Zip	37825
NAICSCode	921120
BusinessType	Sole Proprietorship
RaceEthnicity	Unanswered
Gender	Male Owned
Veteran	Non-Veteran
NonProfit
JobsReported	59
DateApproved	04/15/2020
Lender	Readycap Lending, LLC
CD	TN-02
BusinessName.clean	POWELL VALLEY ELECTRIC COOPERATIVE

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

Other Organizations with PPP Loans

POWELL VALLEY HEALTCH CARE
POWELL WATSON MOTORS
POWELLS BOOKS
POWER CONSTRUCTION GROUP
POWER AND RUBBER SUPPLY