The Paycheck Protection Program (PPP) provided loans to small businesses affected by the COVID-19 pandemic. Companies with less than 500 employees, sole-proprietorships, independent contractors and self-employed individuals could 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.
PPP loans distributed in 2020 in ZIP Code 90704
| Name of Borrower | Current Approved Amount |
|---|---|
| Catalina Island Company | $5,071,700 |
| Avalon Medical Development Corporation | $1,240,723 |
| Bluewater Avalon LP | $627,180 |
| Caleb Lins, Inc. | $337,461 |
| Fine Line Construction | $260,747 |
| Jordahl Construction, Inc. | $225,300 |
| Metropole, LLC | $192,100 |
| Catalina Business Enterprises, Inc. | $175,585 |
| Catalina Beverage Company | $171,061 |
| Steve's Steakhouse, Inc. | $168,530 |
| Maggie's Blue Rose, Inc. | $163,940 |
| Antonios Pizzeria & Cabaret, Inc. | $161,561 |
| Catalina Hotel OPS, Inc. | $143,800 |
| Catalina Entertainment, Inc. | $140,400 |
| Catalina Island Museum Society, Inc. | $138,600 |
| Catalina Island Vacation Rentals, Inc. | $138,260 |
| Avalon Trailhead LP | $133,800 |
| Original Jacks Restaurant & Bakery, Inc. | $133,707 |
| Likhd, Inc. | $131,733 |
| Catalina Transportation Services, Inc. | $122,446 |
| Lloyds of Avalon, Inc. | $109,302 |
| Perico Gallery, Inc. | $92,237 |
| Herlihy-Cannon, Inc. | $91,880 |
| Catalina Specialty Services, Inc. | $85,967 |
| Island Food & Stuff, LLC | $85,560 |
| Pancake Cottage, Inc. | $83,413 |
| C&N Lins, Inc. | $82,662 |
| Glenmore Plaza Hotel, LLC | $82,500 |
| Original Antonios Pizzeria, Inc. | $82,123 |
| Food Brokers International | $75,173 |
| Catalina Coastal Tours & Fishing, LLC | $73,125 |
| Hotel Vista Del Mar, Inc. | $70,612 |
| Island Brew Company | $67,650 |
| Island Threadz, Ltd. | $66,950 |
| George Eubank | $66,072 |
| St. Lauren Hotel, LLC | $64,977 |
| Descanso Beach Ocean Sports, Inc. | $64,115 |
| Susan M. Rikalo | $62,745 |
| Avalon Hotel, LLC | $61,744 |
| Hotel Mac Rae, Inc. | $61,329 |
| Catalina Land Company | $58,365 |
| Parasail Catalina | $56,250 |
| Island Properties L. P. | $54,899 |
| Sunrise Island, Inc. | $53,650 |
| C&R Tejeda's Corporation | $53,188 |
| Marilla, Inc. | $52,333 |
| The Locker Room, Inc. | $51,955 |
| Tamayo Clothing, Inc. | $50,220 |
| Buoys and Gulls, Inc. | $46,407 |
| Dianne Stone | $44,527 |
| Catalina Golf Cars, Inc. | $42,773 |
| Avalon Seafood, Inc. | $36,688 |
| Chets Hardware, Inc. | $34,451 |
| Island Water Charters, Inc. | $32,427 |
| Seacrest INN, Inc. | $32,165 |
| Christy L Lins | $32,007 |
| Catalina Boatyard, Inc. | $31,824 |
| Artimesa Bradley | $31,416 |
| Avalon Boat Stand | $30,899 |
| Northwind Refrigeration, Inc. | $30,131 |
| Wet Spot Rentals, Inc. | $28,665 |
| Afishinados, Inc. | $26,270 |
| Gertrude Robinson | $26,242 |
| Catalina Snorkel & Scuba Adventures, Inc. | $25,954 |
| Congregational Church in Avalon | $24,639 |
| Elis Island Deli | $21,800 |
| Alladin Carpet Cleaning | $20,833 |
| Catalina Tours, LLC | $20,007 |
| Ken Redding | $19,945 |
| RJ Richard, Inc. | $19,250 |
| Sherrills Marine Services, Inc. | $18,905 |
| A Touch of Heaven | $18,645 |
| Gregor Management Company, Inc. | $18,055 |
| Island Ventures | $17,924 |
| Seaside Adventures, Inc. | $17,499 |
| Old Turner INN, LP | $17,255 |
| Island Breeze Spa & Salon | $16,548 |
| Chelas Cleaning Maintenance Services, Inc. | $15,928 |
| Megan M. Wright | $12,852 |
| Dave Thompson | $12,567 |
| Scuba Cat, Inc. | $12,422 |
| Martinez Chiropractic, Inc. | $12,380 |
| Catalina E-Bikes | $12,139 |
| Catalina Pest Control | $10,000 |
| Jose Luis Moreno | $9,792 |
| Zim's Of Catalina | $9,081 |
| Preschool Learning for Avalon Youth | $8,877 |
| Alison Osinski | $8,544 |
| Avalon Bay Company | $8,362 |
| Jacqueline S. Hubbard | $8,157 |
| Massage by Michelle | $8,000 |
| D M Sampson LCSW, Inc. | $7,575 |
| Catalina Bikes, Inc. | $7,500 |
| Matthew Affolder | $7,115 |
| Silver Canyon Pottery | $7,074 |
| Ramon Alcala | $6,157 |
| Perfect Online Stores, LLC | $6,102 |
| Steven Joseph Haas | $5,266 |
| Sugarbeach | $4,584 |
| Catalina Home Improvements, Inc. | $4,582 |
| Autumn Reifensnyder | $3,300 |
| Island Fire Extinguishers, Inc. | $2,725 |
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