There were 41 PPP loans issued in New Mexico during the week ending May 10. The average loan size in the state was between $150,000 to 350,000.
There are approximately five million approved PPP loans with a total of $517,451,965,102 set aside for funding, according to the Small Business Administration. The average loan size was around $105,000 with over 5,000 lenders currently participating in the program.
The program was slow to get off the ground when it was crushed by an onslaught of would-be applicants. Another major criticism of the program pertained to who was receiving the loans. A program that was meant for small businesses witnessed the Los Angeles Lakers receive $4.6 million from the program. The Lakers qualified for the program under the rules as written but returned the funds according to a Laker’s statement provided to news outlets.
| Recipients | Date Received | Dollar Amount Received |
|---|---|---|
| Jemez Mountains Electric Cooperation, Inc. | 2020-05-04 | $1-2 million |
| Robben R Gingery LLC, M.D. | 2020-05-04 | $350,000-1 million |
| Aquatic Pools, Inc. | 2020-05-04 | $150,000-350,000 |
| Artisan Stucco, Inc. | 2020-05-04 | $150,000-350,000 |
| Ideal Home Care, Inc. | 2020-05-04 | $150,000-350,000 |
| Koch Construction Company, Inc. | 2020-05-04 | $150,000-350,000 |
| Navajo Agricultural Products Industry | 2020-05-05 | $1-2 million |
| Casa Maria of New Mexico, LLC | 2020-05-05 | $350,000-1 million |
| Santa Ana Golf Club, Inc. | 2020-05-05 | $350,000-1 million |
| Accent Landscape Contractors, Inc. | 2020-05-05 | $150,000-350,000 |
| Armstrong General Contractors, Inc. | 2020-05-05 | $150,000-350,000 |
| Au Crown Enterprises, LLC. | 2020-05-05 | $150,000-350,000 |
| Aztec Mechanical, Inc. | 2020-05-05 | $150,000-350,000 |
| Benco Oilfield Services, LLC | 2020-05-05 | $150,000-350,000 |
| Bryce Heiner, M.D. LLC, D.M.D. | 2020-05-05 | $150,000-350,000 |
| Carrillo Construction, LLC | 2020-05-05 | $150,000-350,000 |
| Drumlin Dairy, LLC. | 2020-05-05 | $150,000-350,000 |
| Family Practice Associates of Taos, L.L.C. | 2020-05-05 | $150,000-350,000 |
| Gorman Industries, Inc. | 2020-05-05 | $150,000-350,000 |
| Prime Electric, Inc. | 2020-05-05 | $150,000-350,000 |
| Si Senor Express of New Mexico, LLC | 2020-05-05 | $150,000-350,000 |
| Hospital Services Corporation | 2020-05-06 | $350,000-1 million |
| Professional Home Health Care DE Santa Fe Y Los Alamos | 2020-05-06 | $350,000-1 million |
| Aljen Enterprises, LLC | 2020-05-06 | $150,000-350,000 |
| LA Espiga DE Oro, Inc. | 2020-05-06 | $150,000-350,000 |
| Ponderosa Trucking, LLC | 2020-05-06 | $150,000-350,000 |
| W R Johnson + Son | 2020-05-06 | $150,000-350,000 |
| 24, LLC | 2020-05-07 | $150,000-350,000 |
| Blade Services, LLC | 2020-05-07 | $150,000-350,000 |
| Cornucopia Adult and Family Services | 2020-05-07 | $150,000-350,000 |
| Four Corners Orthodontic Centers, Inc. | 2020-05-07 | $150,000-350,000 |
| Kat Energy Services, LLC | 2020-05-07 | $150,000-350,000 |
| Vox Optima, LLC | 2020-05-07 | $150,000-350,000 |
| Moninger Steel Erectors, Inc. | 2020-05-08 | $350,000-1 million |
| Structural Services, Inc. | 2020-05-08 | $350,000-1 million |
| Acoma Business Holdings, LLC | 2020-05-08 | $150,000-350,000 |
| Casa DE Rosa Leasing, LLC | 2020-05-08 | $150,000-350,000 |
| Desert Sun Dairy | 2020-05-08 | $150,000-350,000 |
| Desert Wolf Security, Inc. | 2020-05-08 | $150,000-350,000 |
| Sycamore Communications Corporation | 2020-05-08 | $150,000-350,000 |
| Guadalupe County Hospital | 2020-05-09 | $350,000-1 million |
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