COVID-19

Report: PPP helped nearly 1,500 local businesses

Chamber says $155 million was directed here

Posted 7/29/20

A new Surprise Regional Chamber of Commerce report showed almost 1,500 small businesses in the Northwest Valley have received $155 million in PPP loan assistance.

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COVID-19

Report: PPP helped nearly 1,500 local businesses

Chamber says $155 million was directed here

Posted

A new Surprise Regional Chamber of Commerce report showed almost 1,500 small businesses in the Northwest Valley have received $155 million in PPP loan assistance.

Based the Chamber’s latest data, the loans helped to retain 6,879 workers in the region.

However, several small businesses in Surprise and surrounding areas are still suffering from the COVID-19 slowdown and waiting for Congress to act on additional bailout money.

“When the previous bailout programs were rolled out there was much confusion and turbulence, and small businesses did not initially fair well,” Chamber President and CEO Raoul Sada said. “The Chamber wants to do its part, making sure that does not happen again.”

The Chamber’s report showed 875 businesses in Surprise received PPP loans of less than $150,000.

Sun City saw 274 businesses receive the loans, while 118 Sun City West businesses also got money.

Businesses in Waddell (93), El Mirage (76) and Youngtown (37) also received some amount of funding.

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