Business & Tech
Coronavirus Relief Loans In Littleton: Where PPP Money Went
Here's a look at which businesses in your area have opted to received PPP loans from the United States to stay afloat during the pandemic.
LITTLETON, CO β More than 13,000 Colorado businesses have received Paycheck Protection Program, or PPP, loans to help pay their employees during the coronavirus pandemic.
PPP loans were established as part of the federal government's CARES act, and are similar to grants: they will be forgiven as long as businesses keep their employees on their payroll, without cutting their pay. However, the money does not necessarily have to go directly to employees as long as the business keeps paying them β it can also be used to pay interest on mortgages, rent and utilities.
The U.S. Small Business Administration released data Monday that shows nearly 5 million businesses have received PPP loans totaling over $521,000,000,000. The U.S. Treasury says that money has supported 51.1 million jobs, as much as 84 percent of America's small business employees.
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Here's an interactive map that shows which businesses received PPP loans in Littleton:
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Here are a few local businesses and organizations that accepted PPP:
PPP between $150K - $300K
- Colorado Coffee Company
- Fit Physical Therapy
- Littleton Day Surgery Center, LLC
PPP between $300K - $1 million
- Colorado Veterinary Specialty Group
- Arapahoe Park Pediatrics
- Mackintosh Academy
PPP between $1 million - $2 million
- Red Rocks Church
- Conceptions Reproductive Associates
- Lawrence Construction Company
PPP between $2 million - $5 million
- Cherry Hills Community Church
- South Denver Cardiology Associates
- K & G Petroleum, LLC
PPP between $5 million - $10 million
- Long Building Technologies Inc.
- Rolfson Oil, LLC
- Alcohol Monitoring Systems Inc.
Here is a complete list of all Colorado businesses who have received PPP loans over $150,000. Tens of thousands more businesses received loans under $150,000.
Learn more about PPP loans at the SBA's website here.
Editor's Note: The data used in this story came from the Small Business Administration. Since the release of the PPP database, a number of errors related to the loan amounts received by small businesses have been reported. If your business is listed here as receiving the wrong loan amount, email amber.fisher@patch.com so we can make the correction.
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