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 88352
| Name of Borrower | Current Approved Amount |
|---|---|
| Tularosa Basin Telephone Company, Inc. | $462,900 |
| Joel H. Marr | $109,400 |
| Lancon, Inc. | $71,800 |
| Casa DE Suenos, LLC | $64,500 |
| G H T Enterprises, Inc. | $61,400 |
| Glover Farms, Inc. | $57,400 |
| Greene Crane & Rigging, LLC | $53,900 |
| Tularosa Equine Clinic SW, Inc. | $52,915 |
| Otero Plumbing & Heating, LLC | $40,300 |
| HT Silva Construction | $35,400 |
| Silva Electric and Construction, LLC | $27,200 |
| Haynes Family Trucking | $25,000 |
| Desert Creek Construction, LLC | $23,200 |
| Sierra Hacienda Builders, LLC | $20,833 |
| Joshua Harper | $20,000 |
| Mad JS Trucking, LLC | $17,500 |
| Marjan Harper | $15,415 |
| 54 Towing Corporation | $13,500 |
| James Harper | $12,114 |
| D&J Tulie Freeze, LLC | $9,900 |
| Safe-Xtract, LLC | $9,500 |
| Simone Virtual Solutions | $8,300 |
| Brenda Abercrombie R. Lpcc Ladac | $8,000 |
| Bronco Sue Enterprises, Inc. | $7,900 |
| Saint Francis DE Paula Church | $6,737 |
| Paula Osborne | $6,600 |
| Uc Southern NM Properties, LLC | $6,600 |
| Ruidoso Valley Builders, LLC | $6,200 |
| Turner Insurance, LLC | $5,888 |
| Tularosa Vineyards, LLC | $4,900 |
| Gerald Marr | $3,345 |
| Loy Annette McMinn | $1,500 |
| Ramona's Tax Service | $1,100 |
| Western Frontier Gun Shows | $1,019 |
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