The Paycheck Protection Program (PPP) provides loans to small businesses affected by the COVID-19 pandemic. Companies with less than 500 employees, sole-proprietorships, independent contractors or self-employed individuals may qualify for these loans, according to Harvard Business School.
A report on the program analyzed by the Peter G. Peterson Foundation found the “distribution of loans across sectors didn’t mirror the distribution of job losses.” It showed restaurants and food service businesses did not receive many loans, despite suffering the highest level of job losses.
A preliminary analysis from the National Bureau of Economic Research suggests the areas most affected by economic disruption did not receive the most loans.
The Paycheck Protection Program ended on May 31, 2021. Existing borrowers may be eligible for loan forgiveness at the discretion of the lender.
Top 100 largest PPP loans in 2020 in ZIP Code 88260
| Name of Borrower | Current Approved Amount |
|---|---|
| Nor-Lea Hospital District | $6,654,000 |
| Ferguson Construction Company | $4,165,900 |
| Manager Welding Services, Inc. | $1,226,200 |
| Duke Oilfield Services, LLC | $1,170,264 |
| Stone Oilfield Service, Inc. | $1,069,200 |
| Haarmeyer Electric, Inc. | $1,065,600 |
| Battle Energy Services, LLC | $1,000,000 |
| Legendary Services, LLC | $963,800 |
| Gandy Corporation | $963,700 |
| Select Well Servicing, LLC | $569,400 |
| D & L Meters and Instrument Service, Inc. | $545,300 |
| Stansell & Jameson, Inc. | $493,900 |
| BMA Rental, LLC | $431,500 |
| Patron Services, LLC | $401,500 |
| Higginbotham Bartlett of New Mexico | $389,200 |
| J. E. S. Energy, LLC | $366,600 |
| Windmill Trucking, LLC | $365,700 |
| Outlook Dairy, LLC | $357,775 |
| Hungry Horse, LLC | $320,700 |
| BMB Rentals, LLC | $315,600 |
| Kenemore Welding & Oilfield Services, Inc. | $278,000 |
| Mad Mex Hot Oil Service, LLC | $276,755 |
| Ranger Well Services, LLC | $259,774 |
| Dantech Enterprises, Inc. | $238,000 |
| Michael's Prescription Corner | $237,600 |
| R & J Roustabout Services, Inc. | $237,500 |
| Wildcat Pump & Engine Repair, LLC | $222,000 |
| Auxiliary Energy Services, LLC | $201,100 |
| Double R Pipe & Supply, Inc. | $200,000 |
| Extreme Services, LLC | $192,500 |
| Benco Oilfield Services, LLC | $180,700 |
| Mico Services, LLC | $176,900 |
| Ponderosa Trucking, LLC | $171,727 |
| VMJ Oilfield Service | $162,892 |
| TWS, Inc. | $153,400 |
| Kill It Services, LLC | $145,900 |
| Empire Services, LLC | $138,900 |
| Lovington Auto Supply, Inc. | $130,500 |
| ACD Oilfield Services, LLC | $127,300 |
| Reid Insurance Group, Inc. | $126,510 |
| Pro-Kem, Inc. | $122,500 |
| Wild West Services, LLC | $117,600 |
| D & T Backhoe, Inc. | $116,700 |
| Mico Rental, LLC | $115,300 |
| The Republic Backhoe Service, LLC | $109,128 |
| CNM Electric, LLC | $106,000 |
| O' Diamond Cattle Company, LLC | $96,980 |
| Imperial Oilfield Services, LLC | $96,500 |
| General Welding Supply, Inc. | $83,064 |
| Triple H Engine & Pump Service, Inc. | $81,000 |
| Asap Oilfield Services, LLC | $77,300 |
| P & D Petroleum, Inc. | $77,000 |
| Lea County Dental, LLC | $73,200 |
| BCNC Oilfield Services, LLC | $72,200 |
| J&L Oilfield Services, LLC | $71,250 |
| Big Time Roustabout Services, LLC | $71,100 |
| Sonic Lovington, LLP | $68,500 |
| Firestone Lodging, LLC | $67,500 |
| Timberland Energy Services, LLC | $66,500 |
| Genesis 1:1 Oilfield Services, Inc. | $64,800 |
| E&B Electrical Service, LLC | $62,500 |
| Elite Beef Producers, Inc. | $58,600 |
| Classic Roustabout & Welding Services, LLC | $56,600 |
| Lea County Abstract & Title Company, LLC | $56,300 |
| WHB Pump Sales, LLC | $56,100 |
| Art's Hot Oil Services, LLC | $55,400 |
| Lovington Country Club | $52,500 |
| Granger Brothers, LLC | $49,600 |
| JSI Janitorial, Inc. | $48,132 |
| DRY Lands Brewing Company, LLC | $48,000 |
| Family's Oilfield Service, LLC | $47,500 |
| Ole Jax Drive In | $47,500 |
| Heidel, Samberson, Cox & Mcmahon, LLC | $46,600 |
| Little Steps Early Learning Academy, LLC | $45,600 |
| Double M Cattle, LLC | $43,639 |
| L & F Oilfield Services, LLC | $43,300 |
| Rockin 8 Service, LLC | $43,200 |
| Pam Lackey, CPA | $42,100 |
| DP Services, LLC | $41,000 |
| Hernandez Taqueria Jalisco, LLC | $39,200 |
| Hungry Horse Electrical, LLC | $38,900 |
| Iron Horse Services, LLC | $37,620 |
| Angell Ranch Company, LLC | $37,437 |
| Boyd and Sons Irrigation, LLC | $37,316 |
| Bailey's Construction & Plumbing, Inc. | $34,800 |
| Top Hand, LLC | $33,000 |
| Heart's Desire, Inc. | $32,500 |
| Newell Law Firm, LLC | $31,200 |
| Strong Power Electric, LLC | $30,000 |
| Backup Welding, Inc. | $29,500 |
| KLM Oilfield Services, LLC | $29,122 |
| Dynamic Safety Solutions | $27,745 |
| Thirsty Lizard Transport | $26,600 |
| Burns Xpress, LLC | $26,500 |
| Larry Mahan's Body Shop | $26,400 |
| First United Methodist Church | $25,800 |
| Hillcrest Baptist Church | $25,700 |
| Comanche Trucking, LLC | $24,125 |
| American Pump & Supply, LLC | $23,800 |
| Valentine Auto Service, Inc. | $23,600 |
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