The Paycheck Protection Program (PPP) provided loans to small businesses affected by the COVID-19 pandemic. Companies with less than 500 employees, sole-proprietorships, independent contractors and self-employed individuals could qualify for these loans, according to Harvard Business School.
A report on the program analyzed by the Peter G. Peterson Foundation found the “distribution of loans across sectors didn’t mirror the distribution of job losses.” It showed restaurants and food service businesses did not receive many loans, despite suffering the highest level of job losses.
A preliminary analysis from the National Bureau of Economic Research suggests the areas most affected by economic disruption did not receive the most loans.
The Paycheck Protection Program ended on May 31, 2021. Existing borrowers may be eligible for loan forgiveness at the discretion of the lender.
PPP loans distributed in 2020 in ZIP Code 88063
| Name of Borrower | Current Approved Amount |
|---|---|
| My Way Holdings, LLC | $2,215,800 |
| C&e Industrial Services, Inc. | $700,000 |
| A Janssen, Inc. | $414,600 |
| LA Primera Tortilla Factory, Inc. | $258,455 |
| Total Mechanical, Inc. | $258,000 |
| Swacc, Inc. | $229,550 |
| A2Z Professional Remodeling, LLC | $223,900 |
| Ardovino's Desert Crossing, Inc. | $195,687 |
| New Era Foam, LLC | $170,000 |
| Hammer Performance, LLC | $160,800 |
| Maredano Delivery, LLC | $155,400 |
| Linderbaugh, LLC | $98,600 |
| Mercedes Grocery, Inc. | $87,200 |
| Bumble Bee Learning Center #3, LLC | $84,860 |
| CRI CRI Day Care Center, LLC | $81,735 |
| Jenson Equine Hospital, LLP | $79,210 |
| Artistic Entryways Millwork Company, Inc. | $70,762 |
| Archer Company USA, Inc. | $65,681 |
| Dreamcatchers: Academic, Behavior, and Career Development | $63,542 |
| ELP Construction, LLC | $53,900 |
| Roth's Choice 70, Inc. | $53,400 |
| Memorial Pines Cemetery, Ltd. | $52,213 |
| Nine Degrees Construction, LLC | $51,400 |
| Southwest Ice Cream & Candy Company, Inc. | $30,000 |
| BPT Products, Inc. | $29,500 |
| Coronado Contracting Services, Inc. | $29,000 |
| Roller Bomb, Limited Partnership | $27,700 |
| Jonah Dunne | $25,417 |
| Double T RV Service, Inc. | $25,000 |
| NM Family Sevices, LLC | $21,600 |
| Itech 361, LLC | $20,800 |
| Martin's Auto Shop | $17,500 |
| Suncity Construction | $13,200 |
| Border Concessions, LLC | $13,157 |
| Stone City Rocks | $12,585 |
| Panchos Car Title Loans, LLC | $8,400 |
| Mara Gallegos | $5,843 |
| The Sheriff's Posse, Inc. | $5,600 |
| Fiveset Net Sports, LLC | $5,600 |
| BLU Transport, LLC | $4,899 |
| A & A Equine, Inc. | $4,463 |
| Sunny Central, LLC | $3,100 |
| Desert King Transport, LLC | $2,284 |
| Mayra Carbajal | $1,500 |
| Cesar G. Alarcon | $1,000 |
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