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 |
|---|---|
| 135 Foods, Inc. | $317,984 |
| Cityscape Roofing, Inc. | $247,575 |
| Kemp Sigmon Construction Company, Inc. | $221,615 |
| Newton Food Systems, LLC | $195,997 |
| Staffpros, Inc. | $192,793 |
| DR Michael J Cordon PA, D.D.S. | $153,134 |
| Christopher N. Reese P. A., D.D.S. | $117,502 |
| Sigmon's Painting & Wallcovering, Inc. | $109,858 |
| Chad Bryant Racing, LLC | $96,030 |
| Sigmon Family Farms, Inc. | $88,590 |
| W B Frames, Inc. | $87,180 |
| Patriot Facility Maintenance, LLC | $79,610 |
| GN 3, Inc. | $78,088 |
| Craft Doors USA, LLC | $73,612 |
| Gordon & Scheller PLLC D.D.S. | $67,083 |
| Bolick Logistics, LLC | $45,740 |
| Bam Construction, Inc. | $45,152 |
| Earl Bumgarner Lumber Company, Inc. | $42,470 |
| Mcmahan Services, Inc. | $41,130 |
| Absolute Pro Painting, LLC | $30,000 |
| Johnston Truck Service, LLC | $27,440 |
| Christy Whitesides | $20,833 |
| Alaina Allison | $20,833 |
| Ricky Moose | $20,833 |
| Grady Wilson | $20,832 |
| Nakish Thompson | $20,800 |
| Nakish Thompson | $20,800 |
| Desmun Wells | $20,712 |
| Jlen Wilson | $20,612 |
| UDC Sports | $20,485 |
| KH Land Clearing, Inc. | $19,608 |
| ESRLLC | $19,563 |
| Billy Pearson | $19,437 |
| Marelys Pizza, Inc. | $17,470 |
| Jeffery Parson | $16,937 |
| Jimmy Young | $15,872 |
| Quizine Orleans | $15,832 |
| William B Laney | $15,154 |
| Brandon Pharr | $14,129 |
| Elizabeth M. Franklin | $13,869 |
| Jason Lentz | $13,300 |
| William Edmondson | $12,500 |
| American Olympus Fiberglass Corporation | $12,500 |
| Murrays Grading & Paving, Inc. | $11,748 |
| Yount Auction and Realty, Inc. | $11,640 |
| Bradford Steele | $11,052 |
| Claremont Automotive and Muffler Repair, LLC | $10,780 |
| Hamco Foothills, LLC | $10,055 |
| Ashton Sigmon | $10,031 |
| Herbert W. Sigmon III | $9,169 |
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