There were 32 PPP loans issued in Colorado during the week ending June 7. 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 |
|---|---|---|
| American Conservation and Billing Sol'n | 2020-06-01 | $150,000-350,000 |
| Integrated Loan Assistance, LLC | 2020-06-01 | $150,000-350,000 |
| Law Offices of Scott D Kumpf, LLC | 2020-06-01 | $150,000-350,000 |
| Norrona Sport, Inc. | 2020-06-01 | $150,000-350,000 |
| Yampa Valley Electric Association | 2020-06-02 | $1-2 million |
| Aka Energy Group, LLC | 2020-06-02 | $350,000-1 million |
| Colorado Moisture Control, Inc. | 2020-06-02 | $350,000-1 million |
| Home Water Solutions, LLC | 2020-06-02 | $350,000-1 million |
| Insured Trustee, Inc. | 2020-06-02 | $350,000-1 million |
| Dig Boss, LLC | 2020-06-02 | $150,000-350,000 |
| Escape from It, Inc. | 2020-06-02 | $150,000-350,000 |
| HI-Land Potato Company | 2020-06-02 | $150,000-350,000 |
| Omnia Wellness, Inc. | 2020-06-02 | $150,000-350,000 |
| The Navsys Corporation | 2020-06-02 | $150,000-350,000 |
| Y-W Electric Association, Inc. | 2020-06-03 | $1-2 million |
| Admire Limousine | 2020-06-03 | $350,000-1 million |
| LKA Partners, Inc. | 2020-06-03 | $150,000-350,000 |
| QEH2 | 2020-06-03 | $150,000-350,000 |
| Standard Concrete Incorporated | 2020-06-03 | $150,000-350,000 |
| Colorado Springs Charter Academy | 2020-06-04 | $350,000-1 million |
| Morpheus Data, LLC | 2020-06-04 | $350,000-1 million |
| North Star Academy | 2020-06-04 | $350,000-1 million |
| Alpha Omega Home Health Care, Inc. | 2020-06-04 | $150,000-350,000 |
| Colorado Concrete Construction | 2020-06-04 | $150,000-350,000 |
| CTF Development Services, LLC | 2020-06-04 | $150,000-350,000 |
| Elite Waterproofing Systems, Inc. | 2020-06-04 | $150,000-350,000 |
| Crafty House Remodeling, Inc. | 2020-06-05 | $350,000-1 million |
| Front Range Therapy Systems, Inc. | 2020-06-05 | $350,000-1 million |
| Pillar of Fire | 2020-06-05 | $350,000-1 million |
| CHB, Inc. | 2020-06-05 | $150,000-350,000 |
| Hire Education, Inc. | 2020-06-05 | $150,000-350,000 |
| Larsson Whitewater, Inc. | 2020-06-05 | $150,000-350,000 |
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