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 88081
| Name of Borrower | Current Approved Amount |
|---|---|
| Hardy Hole Drilling, LLC | $736,600 |
| J&F Electric, LLC | $169,828 |
| Hueco Bolson Realty, Inc. | $155,400 |
| Chaparral Holding Company, Inc. | $147,900 |
| Stires Mini Mart, Inc. | $141,685 |
| Lake Section Water Company, Inc. | $139,400 |
| Industrial Stainless International, Inc. | $89,000 |
| Chaparral Steel Supply, Inc. | $86,606 |
| G & C Mechanical, LLC | $84,018 |
| No Limit Granite, LLC | $70,222 |
| County Line Medical Service, Inc. | $67,587 |
| Desert View Investments, Inc. | $62,600 |
| Ram Technician Construction Services | $57,600 |
| 'R' Little Enterprises, Inc. | $54,800 |
| Delores C. Wright, LLC | $44,400 |
| Chapparral Sand & Gravel, LLC | $44,000 |
| Colquitt Company | $36,200 |
| Chaparral Disposal Service, LLC | $36,005 |
| Apothecary Pharmacy, PC | $34,400 |
| Chaparral Welding Services | $25,800 |
| ZNJ Communications Group, LLC | $25,073 |
| Industrial Recycling, LLC | $21,313 |
| Stires C-Store | $20,800 |
| Ja Ran, Inc. | $19,542 |
| Oasis Stars Homes, LLC | $16,890 |
| Lalo Iron Works Corporation | $16,000 |
| Lobo & Lava, LLC | $15,100 |
| Little Store 2, Inc. | $15,000 |
| Mark Nixon | $15,000 |
| Luis Muoz Payan | $14,831 |
| CBG Maintenance, Inc. | $13,000 |
| Desert Electric Company, Ltd. | $12,016 |
| Desierto View Disposal | $11,750 |
| Cesar Medina | $10,800 |
| Jorge Luis Aguirre Baez | $9,897 |
| Battery Services International, LLC | $6,858 |
| Luna Hardware | $6,369 |
| Torres Express | $6,294 |
| Sibreya Holdings, LLC | $6,195 |
| Pauls Pedicures and Equipment Corporation | $6,047 |
| Miguel Angel Favela | $5,660 |
| Anthony Feed, Inc. | $5,604 |
| Pat's Pecans, LLC | $5,200 |
| Karla P. Vega | $4,900 |
| Claudia Flores | $4,700 |
| Graciela Gallardo | $4,346 |
| Golden Dragon Chinese Restaurant | $4,300 |
| Sergios Diesel Service | $4,193 |
| Eduardo Trejo Castro | $3,228 |
| Mountain Range Corporation | $3,100 |
| David Bonilla | $2,815 |
| Mayorga Transportation, LLC | $2,771 |
| Jesus Aranda | $2,505 |
| Andres Vega | $1,901 |
| Carlos Gonzalez | $1,072 |
| C & R Professional Power Cleaning | $531 |
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