Here are the 10 Utah companies that got the most PPP money last year

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A temp agency, a mysterious entertainment company and a medical clinic are among the Utah firms that landed $ 10 million in federal relief loans last year, maximizing the funding they had available through the paycheck protection program.

More than 52,000 Utah businesses received a cash injection during the first round of the small business loan program, with 824 of those employers receiving more than $ 1 million from the government.

For some of these companies, forgivable loans served as a financial liferaft to get past COVID-19, helping them avoid employee layoffs or insolvency even as their profits were declining. Payments could be used for costs from payroll to rent and utilities to interest owed on existing loans.

“Because we had the loan, we didn’t even think twice about firing people,” said Greg Howell, chief financial officer of WesTech Engineering, a Salt Lake City-based company that employs about 430 people.

Other companies have found that they are not so dependent on funds, although the money has provided them with much appreciated security in unpredictable time.

Overall, the $ 5.3 billion in PPP loans given to Utah businesses last year helped the state come out of 2020 with job gains and one of the strongest economies across the country, said Marla Trollan, who heads the Utah office of the Small Business Administration.

“Our businesses here in the state are very resilient,” she said. “And they were able to survive.”

Here are the 10 companies that received the most PPP money in 2020, followed by those that received at least $ 5 million.

This group of clinics better known as Revere Health saw revenues drop by nearly a quarter “literally overnight” with the onset of the pandemic, CEO Scott Barlow said.

That financial blow came, he said, as Revere drastically reduced the number of surgeries it performed and also limited non-essential medical services – measures to prevent the spread of infections.

“It was cataclysmic in terms of manpower,” Barlow said.

Revere’s staff numbered nearly 1,500 when the public health emergency began, but the company lost more than 300 employees in the first month of the pandemic, between layoffs and voluntary departures, he said. he declares.

The PPP loan came months after those downsizing, but helped Revere rebuild their workforce by increasing their services, Barlow said. Without the funding, he added, “we would have had to cut our staff a lot more, and I’m not sure how many we would have recovered.”

Sizzling Caesars said it employs around 500 people, according to federal loan data. The Murray restaurant management company works with a number of Little Caesars Pizza locations, according to state business records.

The North Salt Lake-based employment agency, which does business as Ascend Staffing, is believed to provide 500 jobs, according to federal data. It has branches across the United States

While the company owned by former Olympic speed skater Allison Baver told the federal government that it employs 430 people, groups that follow Utah’s business community were unaware of her business. entertainment.

Neither the Utah Economic Development Office nor the Utah Film Commission had heard of Allison Baver Entertainment when they were contacted by The Salt Lake Tribune last year.

The business address listed in the federal database appears to be in a residential area of ​​Taylorsville and is listed in court records as Baver’s address. His company did not respond to questions emailed by The Tribune.

The Ogden Clinic, which provides healthcare in northern Utah, operates 21 sites and has more than 1,000 employees, according to a recent press release. Its headquarters are in South Ogden.

This Midvale-based company sells screen protectors and other mobile accessories online and has physical stores in Utah and elsewhere in the United States and Canada. It would have 484 employees, according to the Federal Loan Database.

As supply chains are destabilized by the coronavirus emergency, WesTech – which produces equipment for water and wastewater treatment – struggled to get the parts it needed and saw its revenues decline while its operating costs remained the same, explained Howell.

The roughly $ 9.4 million in PPP loans “absolutely” helped the company avoid layoffs, he said.

Delays in the supply chain are always a problem, Howell said. But due to the recent sale of the company to a global group with a lot of cash, WesTech is in a strong financial position, he said.

The Tanner Clinic withdrew some procedures early in the pandemic, as did other Utah healthcare providers who had to comply with the state’s suspension on elective surgeries. Meanwhile, clinics have cut some staff hours, said Theron Stoker, the company’s chief operating officer.

The company, which operates nine sites in Weber and Davis counties, resumed those services after the state said it was safe, he said.

While the clinics appreciated having the P3 money “in reserve,” they could end up returning some of it to the federal government, Stoker said. “The funding was helpful in knowing it was there if we needed it,” he said.

With more than two dozen locations scattered along the Wasatch Front, the Granger Medical Clinic has told the federal government it provides 500 jobs.

Great Basin Industrial, based in Kaysville, builds industrial reservoirs and other steel structures for oil, gas and mining operations and other industries. It employs 467 people, according to federal loan data.

  • BH, Inc., $ 7.8 million.

  • Harris & Hart, $ 7.7 million.

  • Zullas, $ 7.6 million.

  • Nicholas & Co., $ 7.5 million.

  • C&R Management, $ 7.2 million.

  • Spartan Companies 300, $ 7.1 million.

  • MasterControl, $ 7 million.

  • Whitaker Construction Co., $ 7 million.

  • Associated Brigham Contractors, $ 6.9 million.

  • Westminster College, $ 6.8 million.

  • KNDRS, $ 6.7 million.

  • MLSC Holding Co., $ 6.7 million.

  • Younique, $ 6.6 million.

  • Parsons Behle & Latimer, $ 6.5 million.

  • Jas. D. Easton, $ 6.4 million.

  • XANT, $ 6.1 million.

  • HB Boys, $ 6.1 million.

  • Sizzling plateau, $ 6 million.

  • ShipEX, $ 5.8 million.

  • Utah Navajo Health System, $ 5.5 million.

  • Jackson Group Peterbilt, $ 5.4 million.

  • RBM Services, $ 5.4 million.

  • ConsultNet, $ 5.4 million.

  • Nature’s Sunshine Products, $ 5.4 million.

  • Jason Curtis / JF Curtis Trucking, $ 5.3 million.

  • Connexion Point, $ 5.3 million.

  • DHI Computing Service, $ 5.1 million.

  • InteriorWorx, $ 5.1 million.

  • Packsize International, $ 5 million.

  • ASEA, $ 5 million.

This story has been supplemented with information from Reveal’s Reporting Networks, revealnews.org / network



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