Covid-19

El Paso Corona Virus Loan Recipients

In response to the Covid-19 pandemic, Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES) on March 27, 2020. Included in the legislation was the Paycheck Protection Program (PPP) that allowed the Small Business Administration (SBA) to issue forgivable loans to small businesses struggling to survive the economic downturn. The SBA PPP loan was designed to help businesses continue to meet payroll until the economy recovered.

There were two loan programs, the PPP loan and the separate Economic Injury Disaster Loan (EIDL) program. The PPP loans were forgivable if they were used for payroll expenses and some related business expenses like rent payments. The EIDL is not forgivable but carries with it a low interest rate of 3.75% payable over 30 years. The first EIDL payment is not due until one year after the loan is given.

The Washington Post, the Center for Public Integrity and several other publications sued the Small Business Administration earlier this year to force the SBA to release the loan data on both the PPP and EIDL loan recipients. Yesterday, the SBA released the loan recipients and amounts of loans across the nation.

In total 5.2 million loans were issued, according to the SBA loan data. The SBA reports that $523 billion in PPP loans were issued. Including the EIDL loans, about $700 billion has been loaned to businesses. About 87% of the loans were for less than $150,000. The SBA was criticized for the loan program because the emergency loans exacerbated the disparity in access to capital for minority businesses and communities.

According to The New York Times, one percent of the loan recipients accounted for 25% of the total PPP money loaned.

El Paso Politics previously made available a list of PPP loan recipients that received over $150,000 on loans. Yesterday’s SBA data release includes those that received less than $150,000 in loan monies and includes the previously unreleased EIDL money.

El Paso Politics compiled the SBA loan data released yesterday. From our database we identified the following:

  1. In El Paso, $584.1 million in bailout loans were issued.
  2. There are 6,332 recipients in El Paso.
  3. The average amount of Coronavirus loans for El Paso was $92,358.

List of El Paso businesses receiving $1 million or more:

  1. Pizza Properties, $7.16 million
  2. Vinton Steel, LLC, $3.96 million
  3. The Garick Group, Inc., $3.68 million
  4. Outwest Express, LLC, $3.64 million
  5. Diversified Interiors of El Paso, Inc., $3.22 million
  6. M&S Group, Inc., $3.02 million
  7. DA Defense Logistics HQ, LLC, $2.94 million
  8. Castro Enterprises, $2.55 million
  9. Casa Ford, Inc., $2.46 million
  10. Verlander Enterprises, LLC, $2.45 million
  11. Sratoga Group, LLC, $2.4 million
  12. EPT Integrity Asset Management, LLC, $2.34 million
  13. Border Recapping LLC, $2.25 million
  14. Gustavo Jimenez, Inc., $2.2 million
  15. Transnational Express, $2.18 million
  16. Viscount Properties III, LLC, $2.17 million
  17. ZTEX Construction, Inc., $2.16 million
  18. Argentum Recycling, Inc., $2.14 million
  19. El Paso Trade School, Inc., $2.12 million
  20. Excel Garment Manufacturing, LTD., $2 million
  21. Sky Transportation Services, Inc., $1.94 million
  22. Talk 4 Less Wireless Communications, LLC, $1.92 million
  23. Diocese of El Paso, $1.87 million
  24. Quickstudy Learning Centers, Inc., $1.74 million
  25. Project Vida Health Center, $1.66 million
  26. Seisa Medical, Inc., $1.64 million
  27. Dharma Home Care, Inc., $1.6 million
  28. Spectrum Relocation Group, Inc., $1.59 million
  29. Heller Ford Sales, Inc., $1.59 million
  30. Agave Transportation Services, Inc., $1.56 million
  31. Casa Nissan, Inc., $1.54 million
  32. East El Paso Physicians Medical Center, LLC, $1.53 million
  33. Funk and Company, $1.53 million
  34. Trutemps, Inc., $1.53 million
  35. Rio Grande Urology, PA, $1.53 million
  36. Lone Star Apple, LLC, $1.49 million
  37. Hoy Family Auto, Inc., $1.48 million
  38. RJ Border International, LP, $1.48 million
  39. Arm Healthcare, LLC., $1.48 million
  40. Hospice of El Paso, Inc., $1.43 million
  41. Polymerica Limited Company, $1.43 million
  42. Bowen Mach & Fabricating, Inc., $1.42 million
  43. EPMED, PA, $1.41 million
  44. Dick Poe Motors, LP, $1.37 million
  45. Ray Pena McChristian, P.C., $1.36 million
  46. Mountain Star Sports Group, LLC, $1.36 million
  47. Kemp Smith, LLP, $1.36 million
  48. AMC Bus, Inc., $1.35 million
  49. Russell Transport, Inc., $1.33 million
  50. Rudolph Chevrolet, $1.32 million
  51. Mission Chevrolet, LTD., $1.3 million
  52. Tri-State Ventures, LLC, $1.27 million
  53. Crawford Buick GMC, Inc., $1.25 million
  54. Mesilla Valley Biofuels, LLC, $1.25 million
  55. Mid-West Textile Co., $1.22 million
  56. El Paso Paper Box, Inc., $1.22 million
  57. Mimbela Contractors, Inc., $1.21 million
  58. Valor Personal Assistance Service, Inc., $1.2 million
  59. Centro de Salud Familiar La Fe, Inc., $1.18 million
  60. Odessa Enterprises, Inc., $1.18 million
  61. Southwest Hyundai, L.P., $1.17 million
  62. Paso del Norte Children’s Development Center, $1.16 million
  63. Venegas Engineering Management and Construction, Inc., $1.16 million
  64. Aliviane, Inc., $1.13 million
  65. Amo Enterprises, Inc., $1.12 million
  66. Supreme Laundry & Cleaners, Inc., $1.1 million
  67. Project Amistad, Inc., $1.1 million
  68. Tabet Enterprises, Inc., $1.09 million
  69. Enrique Mata Sr. Drywall, LLC, $1.08 million
  70. Maintenance Unlimited, Inc., $1.07 million
  71. Ireme Trujillo dba Care Home Health Agency, $1.07 million
  72. Weaver-Bailey Contractors, Inc., $1.06 million
  73. Howl Transporation, LLC, $1.05 million
  74. Spectrum Imaging Technologies, Inc., $1.05 million
  75. Plastic Molding Technology, Inc., $1.05 million
  76. Dick Poe Dodge, LP, $1.04 million
  77. Amaru Motors 3, LLC, $1.03 million
  78. Management and Engineering Technologies International, Inc., $1.03 million
  79. ECM International, Inc., $1.02 million
  80. Scott, Hulse, Feuille, Finger & Thurmond, P.C., $1.01 million
  81. Urgent Care Home Health, Inc., $1 million
  82. Centro San Vicente, $1 million

Other notable El Paso businesses:

  1. El Paso Country Club, $771,500
  2. Abundant Living Faith Center Church, Inc., $725,100
  3. Barnet Harley Davidson, L.P., $623,400
  4. L&J Café, $562,575
  5. St. Clement’s Parish School, $535,800
  6. Diocesan Migrant & Refugee Services, Inc., $471,700
  7. Loretto Academy in El Paso, $452,600
  8. Ardovinos Wine Gourmet & Gifts, Inc., $450,600
  9. Taco Chinampa, $427,013
  10. YMCA of El Paso, $421,142
  11. Cathedral High School, $415,500
  12. Scherr & Legate, PLLC., $398,700
  13. Sanders/Wingo Advertising, Inc., $376,000
  14. La Fe Preparatory School, Inc., $370,502
  15. Currey Adkins, LP., $365,000
  16. Project Vida, $326,200
  17. El Paso Sports Commission, $143,100
  18. El Paso Zoological Society, $62,703
  19. El Paso Pro-Musica, $44,686
  20. El Paso Matters (Bob Moore), $15,800

The smallest loans issued:

  1. Autos Tommy, $105
  2. Rico Sanchez Tart, $300
  3. Nice and Clean Professional Cleaning Services, $375
  4. Anthony Ireland, $384
  5. Fun Cuts 4 Kids, LLC., $400
  6. Massage Matters, $418
  7. Tower Motel, $596
  8. Veronica Beltran, $500
  9. SNB Income Tax & Financial Services, $677
  10. Ricardo Sigala & Sons, Inc., $700

El Paso Politics is considering making our database available for the community to search and analyze the data. We welcome input from our readers to see if this is worthwhile and whether sufficient readers would be interested in using our database for research purposes.

Categories: Covid-19

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2 replies »

  1. Thank you for gathering this information.
    I have submitted an Open Records Request asking for a listing of local businesses that received CARES Act funding from the city. My belief is that we will find some of the same folks on the list you presented. I also find it interesting that the businesses that filed a lawsuit to override Judge Samaniego’s order received millions of dollars and they were not small businesses.

    Like

  2. I think it’s interesting to see this list. I’m wondering why some of the smallest business only received less than $500. How is this decided? I’m curious to know if that actually helped them stay in business or pay their employees.

    Like

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