There were 42 PPP loans issued in Colorado during the week ending July 5. 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 |
|---|---|---|
| Ikav Energy, Inc. | 2020-06-29 | $2-5 million |
| Assistance on Call, Inc. | 2020-06-29 | $350,000-1 million |
| Food & Burger, Inc. | 2020-06-29 | $350,000-1 million |
| Metabolic Research Center of Colorado, Inc. | 2020-06-29 | $350,000-1 million |
| Petra Systems, Inc. | 2020-06-29 | $350,000-1 million |
| Pueblo School for ARTS and Sciences | 2020-06-29 | $350,000-1 million |
| Quicksilver Express Courier of Colorado, Inc. | 2020-06-29 | $350,000-1 million |
| Simple Global Solutions, LLC | 2020-06-29 | $350,000-1 million |
| Vortala US, LLC | 2020-06-29 | $350,000-1 million |
| J & K 10 Cabinetry, Ltd. | 2020-06-29 | $150,000-350,000 |
| Novosad Lyle & Associates, PC | 2020-06-29 | $150,000-350,000 |
| Temperature Processing Company, Inc. | 2020-06-29 | $150,000-350,000 |
| The Festival Voice | 2020-06-29 | $150,000-350,000 |
| Thunder Mountain Hooters, LLC | 2020-06-29 | $150,000-350,000 |
| Wettstein Properties, Inc. | 2020-06-29 | $150,000-350,000 |
| Heating & Plumbing Engineers, Inc. | 2020-06-30 | $1-2 million |
| Statebridge Company, LLC | 2020-06-30 | $1-2 million |
| Argus of Colorado, Inc. | 2020-06-30 | $350,000-1 million |
| Atmospheric & Space Technology Research Associates, LLC | 2020-06-30 | $350,000-1 million |
| Colorado Military Academy | 2020-06-30 | $350,000-1 million |
| Diablo Media, LLC | 2020-06-30 | $350,000-1 million |
| Diablo Media, LLC | 2020-06-30 | $350,000-1 million |
| One Source Home Service, LLC | 2020-06-30 | $350,000-1 million |
| Orion Environmental, Inc. | 2020-06-30 | $350,000-1 million |
| Platte River Academy Charter School | 2020-06-30 | $350,000-1 million |
| Prowall, LLC | 2020-06-30 | $350,000-1 million |
| Sharklet Technolgies, Inc. | 2020-06-30 | $350,000-1 million |
| Urban Putt Denver, LLC | 2020-06-30 | $350,000-1 million |
| ABC Home Health Care Personal Services, Inc. | 2020-06-30 | $150,000-350,000 |
| Alder Plumbing | 2020-06-30 | $150,000-350,000 |
| Colotek.com | 2020-06-30 | $150,000-350,000 |
| Cypress Inland Corporation | 2020-06-30 | $150,000-350,000 |
| Excel Press Incorporated | 2020-06-30 | $150,000-350,000 |
| Ghost-2-Eleven Entertainment, LLC | 2020-06-30 | $150,000-350,000 |
| Hampden Hills Assisted Living, LLC | 2020-06-30 | $150,000-350,000 |
| Inboxlab, Inc. | 2020-06-30 | $150,000-350,000 |
| Jacqueline Cohen | 2020-06-30 | $150,000-350,000 |
| Las Palmas, Inc. | 2020-06-30 | $150,000-350,000 |
| Pat'S Painting, L.L.C. | 2020-06-30 | $150,000-350,000 |
| Sonora Entertainment Group, LLC | 2020-06-30 | $150,000-350,000 |
| Total Credit Solutions Corporation | 2020-06-30 | $150,000-350,000 |
| Wharry Enterprises, Inc. | 2020-06-30 | $150,000-350,000 |
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