There were 62 PPP loans issued in Colorado during the week ending May 24. The average loan size in the state was between $150,000 to 350,000.
There are approximately five million approved PPP loans with a total of $517,451,965,102 set aside for funding, according to the Small Business Administration. The average loan size was around $105,000 with over 5,000 lenders currently participating in the program.
The program was slow to get off the ground when it was crushed by an onslaught of would-be applicants. Another major criticism of the program pertained to who was receiving the loans. A program that was meant for small businesses witnessed the Los Angeles Lakers receive $4.6 million from the program. The Lakers qualified for the program under the rules as written but returned the funds according to a Laker’s statement provided to news outlets.
| Recipients | Date Received | Dollar Amount Received |
|---|---|---|
| Hospital Cooperative Laundry | 2020-05-18 | $2-5 million |
| Concrete Work of Colorado, Inc. | 2020-05-18 | $1-2 million |
| Allison Appraisals & Assessments | 2020-05-18 | $150,000-350,000 |
| B C Builders, Inc. | 2020-05-18 | $150,000-350,000 |
| Center for Health Progress | 2020-05-18 | $150,000-350,000 |
| Cortex Data Analytics Suite | 2020-05-18 | $150,000-350,000 |
| Integrity First Financial, Inc. | 2020-05-18 | $150,000-350,000 |
| Magnelab, Inc. | 2020-05-18 | $150,000-350,000 |
| Oncesource Distributing, LLC | 2020-05-18 | $150,000-350,000 |
| RFM Management, LLC | 2020-05-18 | $150,000-350,000 |
| Smile Final Mile, LLC | 2020-05-18 | $150,000-350,000 |
| Specialty Store Services, LLC | 2020-05-18 | $150,000-350,000 |
| Taqueria Patzcuaro, Inc. | 2020-05-18 | $150,000-350,000 |
| The Engineered Metals Company, LLC | 2020-05-18 | $150,000-350,000 |
| Todd Companies, Inc. | 2020-05-18 | $150,000-350,000 |
| Vandre Electric & Refrigeration | 2020-05-18 | $150,000-350,000 |
| Trust-Boston Market Corporation | 2020-05-19 | $5-10 million |
| Rooter Town, LLC | 2020-05-19 | $1-2 million |
| Cardel US Management, LLC | 2020-05-19 | $350,000-1 million |
| Deer Creek Electric | 2020-05-19 | $350,000-1 million |
| Trench Right, LLC | 2020-05-19 | $350,000-1 million |
| Ecco Enterprises, Inc. | 2020-05-19 | $150,000-350,000 |
| Goodson Concrte Foundations, Inc. | 2020-05-19 | $150,000-350,000 |
| Johnny's Plumbing & Hydronics Company | 2020-05-19 | $150,000-350,000 |
| M&S Civil Consultants, Inc. | 2020-05-19 | $150,000-350,000 |
| Marmot Library Network | 2020-05-19 | $150,000-350,000 |
| Terrapin Las Colinas, LLC | 2020-05-19 | $150,000-350,000 |
| DMSC Management Partners, Inc. | 2020-05-20 | $1-2 million |
| Skyview Academy | 2020-05-20 | $1-2 million |
| Blue Dog Hemp | 2020-05-20 | $350,000-1 million |
| Bighorn Family Dental, LLC | 2020-05-20 | $150,000-350,000 |
| Commercial Maintenance Services, LLC | 2020-05-20 | $150,000-350,000 |
| Denver Pro Painting and Contracting, Inc. | 2020-05-20 | $150,000-350,000 |
| Hideaway Steakhouse, Inc. | 2020-05-20 | $150,000-350,000 |
| Ken's Welding, Inc. | 2020-05-20 | $150,000-350,000 |
| Liberty Tree Academy | 2020-05-20 | $150,000-350,000 |
| Luna Commercial Roofs, Inc. | 2020-05-20 | $150,000-350,000 |
| Niwot Market, Inc. | 2020-05-20 | $150,000-350,000 |
| The Tax Specialists of Northern Colorado, LLC | 2020-05-20 | $150,000-350,000 |
| Ahiska Homecare, LLC | 2020-05-21 | $350,000-1 million |
| Gryphon Environmental, LLC | 2020-05-21 | $350,000-1 million |
| LB Media Group, LLC | 2020-05-21 | $350,000-1 million |
| New Vision Charter School | 2020-05-21 | $350,000-1 million |
| Redefy Holdings, Inc. | 2020-05-21 | $350,000-1 million |
| Sams Property Management, LLC | 2020-05-21 | $350,000-1 million |
| Doral Academy of Colorado | 2020-05-21 | $150,000-350,000 |
| JGB Ventures, LLC | 2020-05-21 | $150,000-350,000 |
| Jobsite, Inc. | 2020-05-21 | $150,000-350,000 |
| Pueblo Brake and Clutch, Inc. | 2020-05-21 | $150,000-350,000 |
| Schaal Drilling, LLC | 2020-05-21 | $150,000-350,000 |
| Interim Healthcare of Southeastern Colorado, Inc. | 2020-05-22 | $1-2 million |
| San Isabel Electric Association, Inc. | 2020-05-22 | $1-2 million |
| Stratrock Ventures, LLC | 2020-05-22 | $1-2 million |
| EJCM, LLC | 2020-05-22 | $350,000-1 million |
| Front Range Excavating, Inc. | 2020-05-22 | $350,000-1 million |
| Preferred Paper Products, Inc. | 2020-05-22 | $350,000-1 million |
| Western United Electric Supply Corporation | 2020-05-22 | $350,000-1 million |
| CRI Coatings, LLP | 2020-05-22 | $150,000-350,000 |
| Los Compadres, Inc. | 2020-05-22 | $150,000-350,000 |
| Sphere Renewables, LLC | 2020-05-22 | $150,000-350,000 |
| Steel's Hardwood Floors, Inc. | 2020-05-22 | $150,000-350,000 |
| The Twin OWLS Incorporated | 2020-05-22 | $150,000-350,000 |
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