There were 24 PPP loans issued in Colorado during the week ending June 14. 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 |
|---|---|---|
| Alexander United, LLC | 2020-06-08 | $350,000-1 million |
| LHI Group, LLC | 2020-06-08 | $350,000-1 million |
| Black Sea Trucking, LLC | 2020-06-08 | $150,000-350,000 |
| Enlightenment Entertainment | 2020-06-08 | $150,000-350,000 |
| Hermec Landscaping, Inc. | 2020-06-08 | $150,000-350,000 |
| Piccalilli Square, LLC | 2020-06-08 | $150,000-350,000 |
| Sweet Sarsaparilla Limited | 2020-06-08 | $150,000-350,000 |
| Stem School Highlands Ranch | 2020-06-09 | $1-2 million |
| Springs of Life Children's Center | 2020-06-09 | $150,000-350,000 |
| Springs of Life Church | 2020-06-09 | $150,000-350,000 |
| A-1 Heating & Cooling, Inc. | 2020-06-10 | $150,000-350,000 |
| DBS, Inc. | 2020-06-10 | $150,000-350,000 |
| Schendt Engineering Corporation | 2020-06-10 | $150,000-350,000 |
| THPK. , PC | 2020-06-10 | $150,000-350,000 |
| GMT Exploration Company, LLC | 2020-06-11 | $350,000-1 million |
| Advanced Hardscape, LLC | 2020-06-11 | $150,000-350,000 |
| H2O Plumbing & Heating, Inc. | 2020-06-11 | $150,000-350,000 |
| Carver Brewing Company | 2020-06-12 | $350,000-1 million |
| B and B Tavern, LLC | 2020-06-12 | $150,000-350,000 |
| B-Technician, LLC | 2020-06-12 | $150,000-350,000 |
| Grand Timber Insulation, LLC | 2020-06-12 | $150,000-350,000 |
| Kenneth D Danylchuk PC, M.D. | 2020-06-12 | $150,000-350,000 |
| Wood Products Manufacturing & Recycling, Inc. | 2020-06-12 | $150,000-350,000 |
| Innovative Mechanical Solutions, Inc. | 2020-06-13 | $150,000-350,000 |
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