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 |
---|---|
Lanco Electric, Inc. | $647,017 |
Alpha Carb Enterprises, Inc. | $216,280 |
Kalmar Motor Sales, Inc. | $186,272 |
Olde Henry's Pub, Inc. | $121,641 |
Schultz Precision Tooling, Inc. | $110,299 |
Amsler Automotive, Inc. | $103,350 |
Pleasant Ridge Mature Living, LLC | $92,592 |
C & C Tooling, Inc. | $91,603 |
Lower Kiski Ambulance Service, Inc. | $80,000 |
Fashions a-Head Salon & Day Spa, LLC | $78,750 |
Jedco Building, Inc. | $70,685 |
Metco Supply, Inc. | $57,716 |
Bonfire, Inc. | $49,959 |
Murphy's Music Center, LLC | $43,632 |
Christ the King Church | $41,937 |
Happy Day Cafe, LLC | $38,850 |
John Steven Banco | $37,787 |
Head Lines Hair Salon, Inc. | $37,471 |
Five C Graphics, LLC | $33,532 |
Keystone Graphic Works, LLC | $33,303 |
Senjan Machine, Inc. | $31,676 |
Kenneth E. Mikolas LLC D.D.S. | $30,444 |
Lorenz JR Construction, LLC | $28,528 |
Opex Unlocked, LLC | $27,778 |
Centrex Corporation | $27,600 |
American Safety & Health Consulting and Training Services | $24,935 |
Leechburg Eye Care Center, Inc. | $24,705 |
Leechburg Area Pool, Inc. | $20,897 |
Kaily E. Womeldorf | $20,833 |
Zoey Hoover | $20,833 |
Steven Senjan | $20,833 |
Julia Williams | $20,833 |
Gary Lewis | $20,833 |
Hebron Evangelical Lutheran Church | $18,254 |
Ross' Memory Meadows Assisted Living | $15,852 |
Boulder Landscape & Excavation, LLC | $14,998 |
Corey McIntyre | $14,050 |
ABC Academy, Inc. | $13,255 |
4 Seasons Lawn Care & Landscaping, LLC | $9,642 |
First United Methodist Church | $9,195 |
Salon Hairworks, Inc. | $8,428 |
D & L Electric Company, Inc. | $7,658 |
Brandon Peterman | $6,777 |
Chad Heiny | $6,251 |
Adam Seevers | $5,464 |
John Truett | $5,298 |
Bruno's Ground Care, Inc. | $4,949 |
Adam Ford | $4,597 |
Black Lab Tree and Landscape Service | $4,583 |
Linda Fry | $3,250 |