Which small businesses received COVID-19 relief grants, loans? Here’s what you need to know

Written by MLHA Team

April 8, 2021

Our subscriber-exclusive story details the businesses that received COVID-19 relief grants and loans given by the city of El Paso and El Paso County. Click here to read.

In the darkest moments of the COVID-19 pandemic last year, customer-starved small businesses needed cash to survive.

Many tapped into the federal Payroll Protection Program, or PPP, which allocated billions of dollars in forgivable loans, including millions of dollars to hundreds of small businesses in El Paso.

But many El Paso businesses couldn’t tap into the PPP loans, especially when the program first began last spring, or needed additional money to supplement the federal help.  So, the city and county used some of the millions in federal stimulus dollars they received to provide small grants and loans largely targeted for the smallest of small businesses.

More:El Paso businesses begin to bounce back from COVID-19. What’s next?

Read:7 reasons you need a digital subscription to the El Paso Times

Some grants and loans were given out in April, but most of the money was allocated from August through December.

A total of 1,653 grants and 36 loans totaling $19.9 million were given to El Paso small businesses through COVID-19-tied financial assistance programs administered by five nonprofit agencies, show city and county data obtained by the El Paso Times through open records requests.

Most of the money went for small grants of less than $1,000 to $50,000. The county also provided money for 36 loans ranging from $5,000 to $25,000.

Our subscriber-exclusive story details the businesses that received COVID-19 relief grants and loans given by the city of El Paso and El Paso County. Click here to read.

The El Paso Times also created a database for subscribers to check specific loans and grant information awarded to each business.

FULL STORY:El Paso area businesses received $19.9M in local COVID-19 relief grants, loans. Here’s how it was dispersed

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