Arizona Department of Financial Institutions issues one mortgage banker license in zip code 85395 during Q1 azbusinessdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from azbusinessdaily.com Daily Mail and Mail on Sunday newspapers.
There was one professional license issued in zip code 85395 during January, according to the State of Arizona. More than 99 percent of Arizona s businesses are considered small with more than 40 percent of Arizona employees working for a small business, according to the U.S. Small Business Administration. A study by Civic Economics found that when $100 is spent at a locally-owned business, that business puts $43 back into the local economy while the total is just $13 for non-local businesses.
License issued during January
Close to $1 billion flowed directly to businesses in Kern County this year as part of the Paycheck Protection Program meant to keep small businesses afloat amid the economic fallout of the pandemic, according to federal data released earlier this month.
The massive federal aid program provided more than $500 billion in forgivable loans to commercial enterprises across the nation for losses incurred by the pandemic, with a majority of funds required to be used to keep paying employees.
In total, $900 million was given out to companies in Kern by the Small Business Administration in the form of 7,133 loans, according to an analysis of the data by The Californian. The analysis looked at data in all 50 ZIP codes in Kern County and covered loans ranging in size from $200 to $10 million.