Which El Paso businesses got PPP loans during the COVID pandemic?

Written by MLHA Team

May 26, 2021

The PPP was created as part of the CARES Act approved by Congress in March 2020.

Most of the loans don’t have to be paid back if a business complies with the loan terms, including a requirement that 60% of the money goes to payroll costs.

The program, aimed at helping small businesses hurt by COVID-19 pandemic restrictions, has provided 8.73 million loans totaling $734.1 billion, including 3.6 million loans for $211.8 billion in a new round this year, SBA data show.

In El Paso, WestStar Bank has been the leading PPP lender. It provided 1,700 loans for $264 million in 2020, reported Rick Francis, WestStar’s chief executive officer.

In the search below, type “El Paso” for complete results.  If searching for a specific business, please type the complete name.

More than 6,900 El Paso businesses and nonprofits received PPP loans last year, ranging from less than $150,000 up to $5 million, according to SBA data.

Approved Loans By Loan Amoun

    Loan Amount Range                       Number of Loans Approved

Want to see our complete data? Click here.

Subscriber exclusive:El Paso area businesses received $19.9M in local COVID relief grants, loans. Here’s how it was dispersed

Vic Kolenc contributed to this report

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