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 |
|---|---|
| Leather Resource of America, Inc. | $667,917 |
| Harry E. Sheldon Calvary Camp, Inc. | $265,979 |
| US-Sunnah Foundation | $250,000 |
| Harbor Industrial Corporation | $111,015 |
| RK Hotels & Investments, LLC | $92,162 |
| Kelly's Welding & Fabrication, Ltd. | $69,257 |
| H. M. T., Inc. | $64,597 |
| The Child Care Center | $63,761 |
| Marlin Haas | $42,645 |
| Lightning Mold & Machine, Inc. | $37,100 |
| Law Office of Luke P. Gallagher, LLC | $33,899 |
| Baker Family Counseling, LLC | $33,727 |
| Duane T. Cole Ltd., D.D.S. | $32,633 |
| The Kremer Home, Inc. | $29,500 |
| Simpson Family Jeeps, Inc. | $29,328 |
| J & M Business Service, Inc. | $26,155 |
| Magnusen, Inc. | $25,977 |
| L. Frederick Storm, Company LPA | $25,000 |
| The Jeffery S. Watson Law Firm, Ltd. | $24,606 |
| American Legion Cowle Post 151 | $22,691 |
| Merlene Enterprises | $21,367 |
| Patrice Podgorny | $20,833 |
| Kevin Miklos | $20,833 |
| Kelly Glosser | $20,833 |
| Alex Delvalle | $20,833 |
| Gary Fox | $20,833 |
| Rosemarie Gamble | $20,833 |
| Nickolas Clemens | $20,833 |
| Ann Lowery | $20,832 |
| Kari Crowell | $20,832 |
| Frederick Henderson | $20,832 |
| Raymond Hogle | $20,800 |
| Howard Seavey | $20,800 |
| Jason Sprague | $20,750 |
| Watsons Auto Technician | $20,215 |
| John R. Meranda & Linda Elaine Weber Md | $20,000 |
| Pasquale Cifelli | $18,035 |
| Ruddy Ducts and Maintenance, LLC | $15,557 |
| Markko Vineyard, LLC | $15,230 |
| Daniel Henderson | $15,000 |
| Susanne Horvath | $14,549 |
| Susanne Horvath | $14,549 |
| Ac Heating & Air, LLC | $14,500 |
| Pasco Puzzle Company, LLC | $12,989 |
| Maurer's Quality Mowing, LLC | $12,750 |
| A & G Restaurant, LLC | $12,500 |
| Lyon Enterprises, Inc. | $12,351 |
| Conneaut ARTS Center | $11,910 |
| C&J Professional, LLC | $10,792 |
| Dennis Ruck | $10,787 |
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