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 88317
| Name of Borrower | Current Approved Amount |
|---|---|
| Otero County Electric Cooperative, Inc. | $1,272,900 |
| Jim-N-I, LLC | $135,200 |
| Cloudcroft United Methodist Church | $52,407 |
| Western Bar and Cafe, Inc. | $51,800 |
| Blue Canyon Realty, LLC | $44,600 |
| Sacramento Mountains Senior Services, Inc. | $39,091 |
| Old Apple Barn | $38,500 |
| Quest 4 Corporation | $36,800 |
| Dave's Cafe | $35,000 |
| Jack Leeah & Associates, LLC | $34,300 |
| Batte Enterprises, LLC | $34,176 |
| Housler Construction, LLC | $28,300 |
| Dusty Boots Motel and Cafe, LLC | $23,118 |
| High Altitude, LLC | $21,100 |
| William Rogers | $20,800 |
| Debra Tate | $20,800 |
| Margaret Fowler Phd | $18,700 |
| Tabitha Foster | $15,089 |
| Lepree's Global Comfort Food | $14,300 |
| Mountain Way Construction, LLC | $13,700 |
| The First Baptist Church of Cloudcroft | $13,676 |
| The Turquoise Shop, LLC | $12,600 |
| Bomar Enterprises, Inc. | $12,500 |
| Bloom and Grow Pediatrics, LLC | $12,354 |
| Kennabelles Kreations Bakery | $11,600 |
| Lane Enterprises, Inc. | $11,300 |
| Remote Well Solutions, LLC | $11,100 |
| Old Barrel Tea Company Cloudcroft, LLC | $10,200 |
| Spur Landing, LLC | $10,200 |
| Rick Rogers Auto & Equipment Repair | $10,000 |
| MC Court Enterprises, LLC | $9,000 |
| Kneading YOU, LLC | $8,991 |
| Summit Inn | $8,900 |
| TNT Marketing | $8,670 |
| Cloudcroft Therapeutic Massage, LLC | $8,300 |
| Aspendale Baptist Encampment, Inc. | $7,800 |
| Frank Nelson Anderson | $6,600 |
| Housler Performance Horses | $5,000 |
| Cloudcroft Chamber of Commerce | $4,369 |
| Applied Messaging, Inc. | $4,300 |
| Sew Happy, LLC | $4,230 |
| J. L. Dees Enterprise | $4,195 |
| Candice Buzzard | $3,750 |
| Redwall Jewelry | $3,200 |
| Mountain Magic | $2,300 |
| Jules' Travel Agency, LLC | $1,303 |
| Cut to a T | $1,100 |
| Oso Rio Cabins, Inc. | $1,083 |
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