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 81433
| Name of Borrower | Current Approved Amount |
|---|---|
| Mountain Studies Institute | $195,178 |
| Markb Enterprises, Inc. | $68,300 |
| Natalia's of Silverton, Inc. | $67,335 |
| Silverton San Juan County Ambulance Association | $66,585 |
| AK Cleaning & Staffing, LLC | $65,976 |
| San Juan Search and Rescue | $60,508 |
| Golden Block Brewery, LLC | $58,573 |
| Core Mountain Enterprises, LLC | $58,114 |
| The Old Arcade Trading Company | $53,708 |
| Avalanche Brewing Company, LLC | $52,108 |
| M&D, LLC | $43,779 |
| Sidehil Mugwamp Protection Society | $42,500 |
| Brown Bear Cafe | $41,871 |
| San Juan Services, LLC | $35,669 |
| John Demaree Properties, LLC | $33,497 |
| Silverton Grocery | $33,313 |
| Silverton Family Learning Center | $25,789 |
| Galena Mountain Corporation | $25,520 |
| Selwyn Hospitality, LLC | $24,230 |
| The SHHT Company, LLC | $21,200 |
| The Eureka Company | $20,600 |
| Maisel Excavation, LLC | $20,376 |
| The Pickle Barrel, Inc. | $20,343 |
| The Orange Crate | $20,000 |
| Mcfarland Enterprises, Inc. | $19,882 |
| San Juan County Historical Society | $19,265 |
| Center for Snow and Avalanche Studies | $18,306 |
| Teller House Restaurant | $17,358 |
| Debra-Ortega Traders, LLC | $15,043 |
| Melanie Russek | $13,750 |
| Fetch's Mining and Mercantile Company | $12,762 |
| San Juan Company Historical Society | $11,343 |
| Eagle's Nest Leathers | $11,194 |
| High Noon, Inc. | $10,933 |
| Kendall Mountain Lodge, LLC | $10,000 |
| Rocky Mountain Funnel Cake Company | $9,840 |
| Selwyn Capital Management, LLC | $9,100 |
| Canyon View Motel | $8,603 |
| Skyflower Boutique | $6,073 |
| Clear Mountain Enterprises, Inc. | $5,565 |
| Silverton Realty | $5,000 |
| Teller House, LLC | $4,464 |
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