The Paycheck Protection Program (PPP) was an SBA-backed loan that helps businesses keep their workforce employed during the COVID-19 crisis.
PPP has provided loans to small businesses affected by the COVID-19 pandemic. Businesses with fewer than 500 employees, sole proprietorships, independent contractors, and self-employed individuals could qualify for these loans, according to Harvard Business School.
According to Adam Shake, CEO and President of Estes Park EDC, these loans were intended for employers, sole proprietors and self-employed people to help pay employee salaries. The loan documents went through the lending departments of the banking institutions according to guidelines and were thoroughly reviewed by the banks and the federal government.
Preliminary analysis by the National Bureau of Economic Research suggests that the areas most affected by the economic disruptions did not receive the most loans.
The Paycheck Protection Program ended May 31, 2021. Existing borrowers may be eligible for loan forgiveness at the discretion of the lender.
According to the US Small Business Administration, 34 Paycheck Protection Program loans were issued in April to small businesses in the 80517 ZIP code.
Paycheck Protection Program loans were distributed in April in the 80517 zip code
Boss Burgers & Gyros, Inc. $64,179
Ten 25, Inc. $57,988
Himalchuli Company $52,937
Estes Park News, Inc. $44,398
Rustic Mountain Charm, Inc. $30,704
Glacier Lodge $30,142
Rebeca Solano Jimenez $29,166
EP Resorts, Inc. $29,165
Joshua Collins $27,408
Gregg Rounds $20,833
Rebeca Solano Jimenez $20,833
Beverly Ramacher $20,608
Taylor Built, Inc. $19,700
The Brian Schaefer Company, Inc. $17,960
Jessie Finch $17,708
Theriot Adventures, LLC $17,406
International Performance Solutions, Ltd. $15,000
Randy Silkwood $13,790
Ellen Benes $13,532
Villa Claudia Federico $13,195
Estes Park Post No. 119 American Legion $11,426
Glacier Creek Construction, Inc. $10,972
St. Vrain Property, LLC $10,444
Daniel Davis $10,000
D&S Auto Repair, Inc. $10,000
Patricia Taylor Czarnowski $9,725
Kevin Benes $9,410
Robert L. Townsend II $8,965
Gary Murphy $6,250
Estes Park, Inc. Art Center $6,088
Steve’s Welding, Inc. $5,207
Dinesh Shakya $4,426
Kevin Bemis $3,501
Joseph Breithart $955