Coronavirus Relief Loans In Boulder: Where PPP Money Went

BOULDER, CO — More than 600 Boulder 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 — the funds 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 more than $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 Boulder:

Here are a few local businesses and organizations that accepted PPP funds:

PPP between $150K - $300K

1. Back Country Pizza and Tap House
2. The Post Brewing Company Boulder
3. The Seaweed Bath Company

PPP between $300K - $1 million

1. The Humane Society of Boulder Valley
2. International Mountain Bicycling Association
3. Boulder Shelter for the Homeless

PPP between $1 million - $2 million

1. Summit Restaurant Development
2. Tristar Ventures
3. Frasier Meadows Manor

PPP between $2 million - $5 million

1. The Kitchen Cafe
2. Rocky Mountain Institute
3. Naropa University

PPP between $5 million - $10 million

1. Boulder Medical Center
2. Spectra Logic Corporation
3. Gores Vitac Holdings

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.