The Paycheck Protection Program (PPP) provides loans to small businesses affected by the COVID-19 pandemic. Companies with less than 500 employees, sole-proprietorships, independent contractors or self-employed individuals may 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.
| Name of Borrower | Current Approved Amount |
|---|---|
| Tidewater Transit Company, Inc. | $3,857,300 |
| Foss Recycling, Inc. | $2,530,100 |
| Foss Demolition, Inc. | $773,600 |
| Allco Electric, Inc. | $440,000 |
| Charles W. Hughes Construction, LLC | $363,742 |
| Sandpiper Seafood, Inc. | $209,700 |
| Kent S. Denton, P. A., D.D.S. | $176,900 |
| Sutton's Safety Shoes, Inc. | $161,057 |
| G2 Utilities, Inc. | $139,200 |
| CRG Farms, Inc. | $130,100 |
| S & B Electrical Services, Inc. | $127,500 |
| Johnny Pierce Concrete, LLC | $106,000 |
| Wynn Odom Ford, Inc. | $101,500 |
| New Hope Gas Company, Inc. | $96,400 |
| Step Construction, Inc. | $93,500 |
| Hamilton's Refrigeration Service, Inc. | $91,400 |
| ASK Logistics, LLC | $87,682 |
| North State Services, LLC | $84,200 |
| Route 5 Acquisitions, LLC | $74,333 |
| Country Pines, Inc. | $69,875 |
| A/K Grading & Demolition, Inc. | $62,400 |
| Fulchers Lawn & Garden Service, LLC | $61,000 |
| David Vinson Farms, Inc. | $60,642 |
| Monk`S Furniture Warehouse No. 4, Inc. | $59,500 |
| Advance Plumbing of Lagrange, Inc. | $58,200 |
| M. E. W. Logistics and Roadservice | $54,390 |
| Sutton Farms, Inc. | $52,162 |
| Ribeyes of Snow Hill | $48,700 |
| K2 Design Group | $46,821 |
| Eason Brothers, Inc. | $45,700 |
| New Hope Heating & Air, Inc. | $44,614 |
| Alphin Farms, LLC | $41,104 |
| Greene Farm | $40,800 |
| Lamount Jones Trucking, Inc. | $39,012 |
| Dailco & Associates, Inc. | $38,900 |
| Sauls Printing, Inc. | $38,600 |
| Van Furniture, Inc. | $38,300 |
| White OWL Transportation | $37,500 |
| JR Farms of Lagrange, Inc. | $36,654 |
| Quality Machine & Weld, Inc. | $34,714 |
| Westside Minerals, LLC | $33,954 |
| Step Trucking, LLC | $31,400 |
| Sutton Brothers, Inc. | $28,645 |
| Little JS Pizza and Sub | $27,665 |
| William Earl Cruse | $27,662 |
| Grays New Hope Farm, LLC | $27,100 |
| N. N. Sutton, Inc. | $26,500 |
| NC Waste and Recycling, LLC | $26,500 |
| Teco Trucking, LLC | $25,200 |
| Maready Tire, LLC | $23,142 |
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