More than 1,200 Routt County businesses got over $60M in federal PPP loans to preserve jobs | SteamboatToday.com
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More than 1,200 Routt County businesses got over $60M in federal PPP loans to preserve jobs

STEAMBOAT SPRINGS — Routt County businesses received more than $60 million in federal Paycheck Protection Program loans to help mitigate impacts from the novel coronavirus pandemic, according to recent data.

The Small Business Administration, which manages the Paycheck Protection Program, or PPP, released information this month about the money given out to businesses across the country by the federal government. It was not indicated if each business actually accepted the funding.

The data shows that over 1,200 businesses in the county received a loan through the program, which aimed to provide money to help retain employees during the pandemic. The loans were considered forgivable if the business followed criteria set forth by the federal government.

Routt County businesses received a total of $61,282,340 to help retain 7,842 jobs.

Five businesses in the county received a loan in the $1 million to $2 million range, the maximum range for PPP loans within the county. Those businesses included Resort Group LLC, Yampa Valley Electric Association, Northwest Colorado Health (listed by its former name, Northwest Colorado Visiting Nurse Association), Integrated Water Services Inc. and Colorado Senior Residences Inc., which owns Casey’s Pond. Those businesses collectively were able to retain 583 jobs.

There were 104 businesses that received a loan greater than $150,000, and 1,129 businesses were awarded loans less than $150,000. The SBA did not provide names for businesses that received loans under $150,000 nor specific dollar figures for businesses that received loans over $150,000.

PPP loans in Routt County

Clark
33 loans under $150,000
80 jobs retained
Total = $916,164
Minimum = $2,500
Maximum = $125,000
Average = $27,763

Steamboat Springs
993 loans under $150,000
4,446 jobs retained
Total = $32,784,068
Min. = $300
Max. = $148,800
Avg. = $33,015

104 loans over $150,000
2,747 jobs retained
Breakdown:
5 loans between $1 million and $2 million = $5,000,000
26 loans between $350,000 and $1 million = $9,100,000
71 loans between $150,000 and $350,000 = $10,650,000
Total = $24,750,000
Grand total = $57,534,068

Yampa
12 loans under $150,000
48 jobs retained
Total = $247,871
Min. = $4,800
Max. = $431,000
Avg. = $20,656

Oak Creek
47 loans under $150,000
281 jobs retained
Total = $1,010,069
Min. = $300
Max. = $80,800
Avg. = $21,491

Milner
1 loan under $150,000
5 jobs retained
Total = $21,000

Phippsburg
5 loans under $150,000
13 jobs retained
Total = $123,387
Min. = $4,400
Max. = $42,200
Avg. = $24,677

Hayden
38 loans under $150,000
172 jobs retained
Total = $979,781
Min. = $1,510
Max. = $149,000
Avg. = $25,784

3 loans over $150,000
50 jobs retained
Total = $450,000
Breakdown:
3 loans between $150,000 and $350,000 = $450,000
Grand total = $1,429,781

Routt County Total = $61,282,340

Of the businesses that received less than $150,000, the average loan in Routt County was $24,912. The smallest loans were just $300.

The Steamboat Pilot & Today’s parent company, Swift Communications, which is based in Nevada and owns news outlets in Colorado, Nevada, South Dakota and Wisconsin, received a PPP loan credited for retaining 500 jobs across the company.

Locally, the PPP loan kept Pilot & Today staff working full-time during the eight-week period to which the loan applied, as well as the hiring of freelance reporters to work on special projects.

Throughout the state, 13,000 businesses received loans over $150,000 and 91,000 businesses received less than $150,000, as reported by The Colorado Sun.

Information collected and disseminated by the SBA included the business’ location, lender information, type of business and its congressional district. The SBA also asked for data related to the business owners’ race, ethnicity and gender, though most businesses omitted that information.

How many jobs were retained

Business name with how many jobs were retained per Paycheck Protection Program loan amount category:

$1 to $2 million loans
Colorado Senior Residences, 134
Integrated Water Services, 56
Northwest Colorado Visiting Nurse Association (Northwest Colorado Health), 166
Resort Group LLC, 153
Yampa Valley Electric Association, 74

$350,000 to $1 million loans
628 Lincoln LLC, 70
ACZ Laboratories, N/A
Alpine Taxi, 91
Big Agnes Inc., 25
Carl’s Tavern, 18
Catamount Development LLC, N/A
Duckels Construction, 35
En-R-G Foods, 51
Fair & Square Construction, 26
Foundry Steamboat, 36
Full Sail Partners LTD, 32
Gerber Berend Design Build, 40
Horizons Specialized Services, 102
Kelly & Stone Architects, 20
Moving Mountains Chalets, 25
Native Excavating, 72
Orthopaedics of Steamboat Springs, 47
Real Food, 75
Retreatia Holdings, 25
Ski Haus International, 45
Steamboat Medical Partners, N/A
Steamboat Motors, N/A
Steamboat Powersports, N/A
Steamboat Springs Health and Recreation Association, N/A
Steamboat Springs Winter Sports Club, 33
Twin Landfill Corporation, 40

$150,000 to $350,000 loans
Aurum Food & Wine, N/A
B & K Distributing, 35
Backdoor Burger Grill LLC, N/A
Besame, 19
Big Mouth LLC, 24
Breo, N/A
Central Park Management Inc., 11
Claire River Holdings, 26
Click Medical LLC, 9
Cloud 9 Integrated Systems LLC, N/A
Creekside Dining, 29
D9 Enterprises, 9
Debbie Aragon State Farm Insurance, 12
Dermatology Center of Steamboat Springs, N/A
Destination Hopitality, N/A
El Vaquero Uno, 30
Emerald Mountain School, 16
Everything Diesel, 14
Fedewa Custom Works, 14
Fiesta Jalisco Numero Seis, 28
Fox Construction, 10
Giovonni Construction, 25
Holmquist-Lorenz Construction Company, 13
K2 Marketing Group, 3
Keller Law LLC, 9
Landmark Consultants, 10
LDM Global, 7
Luminate Fiber, 13
Marr 106 Family LTD, 31
Mazzola’s Italian Restaurant, 29
Mountain Village Montessori Charter School, N/A
Natural Path Botanicals, 15
Next Ventures 2 LLC, N/A
Noble Ales LLC, 50
Nordic Excavating Inc., 21
Northwest Data Services, N/A
NWCC, 24
Pediatrics of Steamboat Springs, 17
Performance Concrete Construction, 19
Pet Kare Clinic, 19
Pine Grove Enterprises LLC, 44
Pour Boys Concrete LLC, N/A
Precision Excavating, 14
Premier Event Services, 107
Rabbit Ears Motel, 14
RCD Construction Inc., 21
Revelation Roofing Of The Rockies, N/A
Rocky Mountain Youth Corps, 67
Rogue Resources, 13
Rumor Design + Redesign, N/A
Sensor Solutions, 13
Shively Construction, 4
Sloop Enterprises, 24
Slopeside Grill of Steamboat Inc., N/A
Steamboat Emergency Center, 21
Steamboat Laundry, 33
Steamboat Restaurant Group, 11
Steamboat Select Insurance Group, 18
Steamboat Springs Brewery, 7
Steamboat Springs Discovery Learning Center, 15
Steamboat Springs Mambo, 26
Stetpro Investments, N/A
Sweetwood Cattle Co. LLC, 8
The Lowell Whiteman School and Camps, 27
The Steamboat Group LLC, N/A
Thpk. PC, 24
Tri Jen Investments, 120
Trimontane, 14
Truffle Pig, 15
Twitch LLC, 14
Vertical Arts Inc., N/A
Young Tracks Inc., 27
Zeitgeist Products LLC, N/A
Zirkel Wireless, 14

To reach Bryce Martin, call 970-871-4206 or email bmartin@SteamboatPilot.com.


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