The Paycheck Protection Program (PPP) was an SBA-backed loan that helps businesses keep their workforce employed during the COVID-19 crisis.
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.
According to Adam Shake the CEO and President of the Estes Park EDC, these loans were for employers, sole proprietors and self-employed people to help pay employee wages. The loan paperwork went through loan departments at banking institutions as per guidelines and were thoroughly vetted by both the banks and the federal government.
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.
There were 34 Paycheck Protection Program loans provided in April to small businesses in ZIP Code 80517, according to the US Small Business Administration.
Paycheck Protection Program loans were distributed in April in ZIP Code 80517
Boss Burgers & Gyros, Inc. $64,179
Ten 25, Inc. $57,988
Himalchuli Corporation $52,937
Estes Park News, Inc. $44,398
Rustic Mountain Charm, Inc. $30,704
Glacier Lodge $30,142
Rebeca Solano Jiménez $29,166
EP Resorts, Inc. $29,165
Joshua Collins $27,408
Gregg Rounds $20,833
Rebeca Solano Jiménez $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
Claudia Federico Villa $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
ART Center of Estes Park, Inc. $6,088
Steve’s Welding, Inc. $5,207
Dinesh Shakya $4,426
Kevin Bemis $3,501
Joseph Breithart $955