The Paycheck Protection Program (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.
A report on the program analyzed by the Peter G. Peterson Foundation found the “distribution of loans across sectors didn’t mirror the distribution of job losses.” It showed restaurants and food service businesses did not receive many loans, despite suffering the highest level of job losses.
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.
PPP loans distributed in 2020 in ZIP Code 50622
| Name of Borrower | Current Approved Amount |
|---|---|
| Schumacher Elevator Company, Inc. | $5,567,312 |
| Denver Sunset | $263,500 |
| Do-It Corporation | $188,300 |
| Waste Technician, Inc. | $157,320 |
| Chapman Electric, Inc. | $134,155 |
| Discoveries Learning Center, Inc. | $133,100 |
| Seegers Truck Line, Inc. | $130,777 |
| New Age Electric, LLC | $112,800 |
| Denver Underground & Grading, Inc. | $102,500 |
| Johnny B's Construction | $77,400 |
| Broadway Industries, Inc. | $70,561 |
| Willow Winds, LLC | $62,770 |
| Denver Construction, Inc. | $59,269 |
| Jelsma Dairy, LLC | $54,500 |
| Inside the Box Marketing, Inc. | $52,677 |
| RJGRX, Inc. | $50,809 |
| Stumme, Collins, Gritters & Epley, PLLC | $50,119 |
| Keith Oltrogge CPA, PC | $50,000 |
| Allycatz, LLC | $41,000 |
| Brother's Market Four, Inc. | $39,200 |
| Custen Metal Spinning, Inc. | $31,000 |
| Davis Farm & Auto, Inc. | $30,000 |
| Matt Stickfort Construction, LLC | $27,727 |
| Motorcycle Towing Services, L. C. | $27,224 |
| Hawkeye Manufacturing, LLC | $27,100 |
| Davik's Auto Body, Inc. | $26,600 |
| Jeffrey K. Neuendorf | $23,600 |
| Sterling Tops, Inc. | $23,417 |
| St. Paul United Church of Christ | $22,555 |
| Lanus Construction, Inc. | $21,400 |
| Robert Kastli | $20,833 |
| Blackhawk Environmental Testing, Inc. | $20,272 |
| 1st Street Wash Partners, Inc. | $20,000 |
| Denver Heating & Cooling, Inc. | $19,200 |
| St. Peter Lutheran Church | $17,497 |
| Denver Spraying Service, LLC | $17,300 |
| Dolphin Gymnastics, LLC | $17,211 |
| Loren Schweer | $14,970 |
| Willow Run Country Club, Inc. | $14,135 |
| Larson Management, LLC | $13,322 |
| Hermans Kitchen & Bath Design | $12,500 |
| Christopher Holthaus | $12,242 |
| KLT Construction, Inc. | $12,000 |
| Rusty J. Jarvis | $11,815 |
| BBE Pro Tools, LLC | $11,500 |
| Steve Schmidt | $11,300 |
| GRS, Inc. | $10,102 |
| Robert Hennessy | $9,970 |
| Tumble Drum Industries, Inc. | $9,900 |
| Melissa Appel | $9,849 |
| Seasonal Solutions, LLC | $9,415 |
| Denver Baptist Church | $9,392 |
| St. John Lutheran Church Maxfield | $7,362 |
| Buhrow's Floors N' More, Inc. | $7,300 |
| Smith Studio, LLC | $6,807 |
| The Shred Master, LLC | $6,765 |
| Matthew Herman | $6,379 |
| Brent Meyers | $6,224 |
| Wiley Construction | $6,081 |
| Ben Lane | $5,950 |
| Mane Attraction | $5,500 |
| Charles W. Rector | $4,797 |
| Larson Family Chiropractic | $4,461 |
| Mike Pedersen Trucking, Inc. | $4,015 |
| Kara L. Bartels | $3,770 |
| Jill Rinken | $3,700 |
| Amy Wass | $2,672 |
| Trudie Rothmeyer | $2,306 |
| Tommy R. Milius | $2,200 |
| Robin Walther | $1,225 |
| Austin Lewis | $1,100 |
| Jacqueline M. Hildebrandt | $1,075 |
| Teddy Widdel | $697 |
| Hair Loft | $448 |
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