DATA: More than 19,000 jobs retained in New Braunfels due to federal PPP loans

More than 19,000 jobs were retained in New Braunfels due to the first round of federal PPP loans. (Courtesy Adobe Stock)
More than 19,000 jobs were retained in New Braunfels due to the first round of federal PPP loans. (Courtesy Adobe Stock)

More than 19,000 jobs were retained in New Braunfels due to the first round of federal PPP loans. (Courtesy Adobe Stock)

More than 1,800 New Braunfels businesses received federal assistance through the Paycheck Protection Program, which was created to alleviate losses related to the COVID-19 pandemic.

The data released July 6 by the Small Business Administration names businesses that borrowed between $150,000 and $10 million, as well as information regarding loans of less than $150,000, though the names of those businesses were not released.

In New Braunfels, data shows 229 companies—including corporations, nonprofits, independent contractors, sole proprietors and limited-liability companies—received loans from the PPP ranging from $150,000 to $5 million.

An additional 1,577 New Braunfels businesses received loans of $150,000 or less, according to the data.

Of the businesses that received loans, 61 identified themselves as nonprofits, including Communities in Schools, Connections Individual and Family Services, and Hope Hospice.

In total, 1,806 New Braunfels businesses received more than $118.4 million in federal aid.

Most of the businesses that received aid also reported the number of jobs retained as a result of the loans—19,075 jobs in New Braunfels, according to the data.

Among the companies listed that provided this data were EdenHill Communities, which reported 145 jobs retained; McAdoo’s Seafood Com., which reported 130 jobs retained; and Gruene Senior Living, which reported 53 jobs retained.

Three New Braunfels-based businesses received PPP loans in the $1 million-$2 million range: CGT U.S. Limited, Eden Home Inc.—which operates EdenHill Communities—and Patrick S. Molak Corp., the owner of Gristmill Restaurant, Gruene Hall, Mozie’s, and several other businesses in New Braunfels and San Antonio.

Of the 1,806 PPP loans to New Braunfels-based businesses, 87.3% were in amounts of less than $150,000.

In Washington, D.C., lawmakers are discussing issuing another round of forgivable loans to businesses that have 100 or fewer employees and have experienced revenue loss of 50% or more during the pandemic.

Locally, businesses and nonprofit organizations are still facing significant challenges. Coronavirus case numbers and hospitalizations have surged in Comal and Guadalupe counties and the rest of the state since early June.

John Arensmeyer, the CEO of the national small business advocacy group Small Business Majority, said in a statement that 1 of every 4 small businesses in its network reported receiving a lower amount than it requested and that the data released July 6 is a "far cry" from an accurate representation of the program.

"Across the board, there are gaping holes and inconsistencies in the information. Serious questions remain about whether PPP funds were equitably distributed to minority-owned businesses, and there is an alarming rate of small-dollar loans," Arensmeyer said in the statement.

The SBA released the data July 6 after it was sued by 11 media organizations, including the Associated Press, ProPublica, The New York Times and The Washington Post, over its initial refusal to release detailed loan information.

For more information about PPP loans, visit the SBA website.

PPP loan experience

Have you applied for a PPP loan? What was your experience? How has your business been impacted by the loans and the pandemic? Answers to these questions can help better inform the public about the challenges facing local businesses.

Share your story in the form below to help Community Impact Newspaper adequately cover the response to business’s needs.

Ali Linan, Amy Rae Dadamo and Jack Flagler contributed to this report.
By Lauren Canterberry
Lauren Canterberry began covering New Braunfels for Community Impact Newspaper in 2019. Her reporting focuses on education, development and breaking news. Lauren is originally from South Carolina and graduated from the University of Georgia in 2017.


According to the report, 380,174 total COVID-19 cases have been reported in children nationwide as of Aug. 6, which accounts for approximately 9.1% of all confirmed COVID-19 cases in the U.S. (Courtesy Adobe Stock)
REPORT: COVID-19 cases in children increase by 90% nationwide in 1 month

As school district officials across the U.S. prepare for the start of the 2020-21 school year, 179,990 new COVID-19 cases were reported in children nationwide between July 9 and Aug. 6—an increase of 90%, according to a report compiled by The American Academy of Pediatrics and the Children's Hospital Association.

The University of Texas will host football games at Darrell K. Royal Veterans Memorial Stadium this fall after an announcement from the Big 12 Conference on Aug. 12 that the fall sports season will continue. (Jack Flagler/Community Impact Newspaper)
After Big Ten and PAC-12 cancel, Big 12 announces fall sports season will roll on

The conference football season will begin Sept. 26, and fan capacity in stadiums will be up to each of the 10 member universities, according to the Big 12.

New Braunfels City Council approved a jump in acreage of its Reinvestment Zone Number One during its Aug. 10 meeting. (Screen shot courtesy city of New Braunfels)
Planned fire station, training facilities to be moved to larger land parcel within New Braunfels

A planned fire station and training facility in New Braunfels is en route to be moved to another location after officials established a roughly 35-acre tract that has been deemed a more suitable location.

New Braunfels City Council met Aug. 10 and approved a grant for $85,000 to help create and retain 40 jobs in the city. (Screen shot courtesy city of New Braunfels)
New Braunfels officials greenlight program to create, retain 40 full-time jobs

A program approved by New Braunfels City Council will offer an $85,000 investment to provide financial incentives to United Training Center LLC.

Courtesy Resolute Health Hospital
Resolute Health Hospital in New Braunfels to expand visitation allowances

Patients at Resolute Health Hospital, located at 555 Creekside Crossing, New Braunfels, are now allowed one visitor due to an adjusted visitation policy that went in place Aug. 11.

The office of public health will extend its hours through lunch to provide adults and children with vaccines ahead of the 2020-21 school year. (Courtesy Fotolia)
Comal County Office of Public Health to offer back-to-school vaccines

Eligible adults and children can receive low- or no-cost immunizations through the office of public health.

Retailer Harbor Freight Tools will open a Georgetown location Aug. 11. (Ali Linan/Community Impact Newspaper)
Harbor Freight Tools coming to Georgetown and more Central Texas news

Read the latest Central Texas business and community news.

Here is the Comal County COVID-19 case update for Aug. 10. (Community Impact Newspaper staff)
Two new COVID-19-related deaths reported in Comal County

Two New Braunfels residents died Aug. 6 due to COVID-19, according to an Aug. 10 press release from Comal County.

Courtesy Lone Star Bath Treats
Lone Star Bath Treats expands to brick-and-mortar location in New Braunfels

Lone Star Bath Treats, located at 2090 N. I-35, Ste. 4111, New Braunfels, had its grand opening July 29.

Comal and New Braunfels ISDs to begin 2020-21 school year with in-person and remote learning

Students will be able to participate in remote or in-person instruction and can change their preference at the end of each nine-week period.