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 |
|---|---|
| Ace Steel International Corporation | $191,005 |
| Advanced Transportation & Logistics, Inc. | $160,900 |
| RKKS, Inc. | $142,000 |
| M&M Transfer, Inc. | $139,000 |
| Seal-Tite Basement Waterproofing Company | $127,800 |
| Southwest Virginia Oral & Maxillofacial Surgery, PLLC | $126,400 |
| Michelle Spangler, PLLC DVM | $92,200 |
| Automatic Transmission Specialist, Inc. | $84,773 |
| INN at Daleville, LLC | $80,400 |
| Muchacho, LLC | $74,500 |
| Permits Plus, Inc. | $69,800 |
| Grand Hospitality, LLC | $69,300 |
| Children's Nest Learning Center, LLC | $66,000 |
| R and R Imports, Inc. | $64,900 |
| Krishna Hospitality, LLC | $59,200 |
| Double D Properties, LLC | $58,500 |
| RPH Construction Services, Ltd. | $55,600 |
| Kesslers Garbage Service, Inc. | $50,440 |
| The Landscape Store, Inc. | $50,000 |
| Prestige Lawn and Landscape, LLC | $47,800 |
| Collegiate Movers, Inc. | $44,900 |
| Botetourt Golf and Swim Club, Inc. | $44,500 |
| Vadekmaa, LLC | $41,900 |
| Scott K. Miller, P. C., D.D.S. | $40,750 |
| Prestige Gymnastics Academy, LLC | $36,000 |
| JMA Hospitality, LLC | $35,437 |
| Botetourt Truck and Trailer Repair, Inc. | $32,800 |
| Advanced Racking, LLC | $32,000 |
| Blackford Lee RF Das Systems, LLC | $31,900 |
| Pierson Engineering & Surveying, Inc. | $30,500 |
| Graham's Facility Services | $28,400 |
| Blind the World, LLC | $27,400 |
| Ic 88, LLC | $23,197 |
| Franklin Partners, LLC | $22,300 |
| Charles Ray Sprinkle | $20,833 |
| Craig Coker | $20,832 |
| Murray & Associates, Inc. | $20,832 |
| Mine Safety International, LLC | $20,577 |
| Sevenstars, LLC | $19,850 |
| Huynh TS Elite Nails, Inc. | $19,706 |
| Ideal Auto Sales, LLC | $19,072 |
| David Honaker | $18,760 |
| International Christian Centers for the Deaf | $17,390 |
| John L. Etzler, Inc. | $16,800 |
| Vanguard Funding, LLC | $16,669 |
| Pressure Washing Supplies and Services, Inc. | $16,560 |
| Tucson2troutville, LLC | $16,100 |
| Troutville Service Center | $15,900 |
| RSP Entertainment, LLC | $12,600 |
| Cave Hill Dairy Farm | $12,500 |
Alerts Sign-up