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 |
|---|---|
| Jet Set Sports, LLC | $784,900 |
| The Todd Group, Inc. | $533,057 |
| Solstice Health Communications | $345,670 |
| Welsh's Motor Sales, Inc. | $281,810 |
| T C Browne & Company, LLC | $219,102 |
| Turpin Real Estate, Inc. | $182,475 |
| Proletariat V, Inc. | $106,519 |
| Apgar Associates, Inc. | $104,177 |
| Xops, Inc. | $100,000 |
| Precise Publications, LLC | $87,810 |
| Contruction Solutions Services | $82,882 |
| Amjel Direct Marketing, LLC | $68,200 |
| AFC III, Inc. | $67,683 |
| Top Corner Sports, LLC | $64,375 |
| TWG Management Corporation | $62,860 |
| The Resource Collaborative, Inc. | $62,317 |
| GMF & Company, Inc. | $61,370 |
| Blake Sports Group, LLC | $52,157 |
| Little Genius Planet, LLC | $50,512 |
| Hewitt Home Heating, Inc. | $48,820 |
| Far Hills Race Meeting Associations, Inc. | $42,130 |
| William Hotz Development Group, Inc. | $39,305 |
| Gladstone Property Management, LLC | $36,332 |
| Americans for a Free Syria | $33,595 |
| Phoebe Yoo | $33,330 |
| 300 East 89th Street Restaurant Corporation | $32,427 |
| Gladstone Capital Partners, LLC | $30,727 |
| SKY Acres, LLC | $25,543 |
| SKY Acres, LLC | $25,542 |
| Media Farm Solutions | $23,485 |
| Ford Hamilton, LLC | $21,192 |
| Lawrence Glantz | $20,833 |
| Rally Social Sports, LLC | $20,833 |
| Andrew Broad | $20,832 |
| Hvac Business Specialists, LLC | $20,832 |
| Gesomina Maglio | $20,832 |
| Kal Parker | $20,832 |
| Leos Painting, LLC | $20,832 |
| JSDM, LLC | $20,832 |
| Cornels Vogelaar | $20,832 |
| Jacob Vogelaar | $20,162 |
| Saburn Law Group, LLC | $16,041 |
| Fruits and Flowers of Far Hills | $15,000 |
| Junyi Eng | $14,464 |
| Mary Woods | $14,187 |
| B&K Homes, LLC | $13,722 |
| Fruits and Flowers of Far Hills | $12,500 |
| Suzanne H. Stites, LLC | $11,001 |
| Deborah Cerbone Associates, Inc. | $8,750 |
| Philip Andrew Interiors | $7,083 |
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