The Paycheck Protection Program (PPP) provided loans to small businesses affected by the COVID-19 pandemic. Companies with less than 500 employees, sole-proprietorships, independent contractors and self-employed individuals could 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.
PPP loans distributed in 2020 in ZIP Code 8886
| Name of Borrower | Current Approved Amount |
|---|---|
| OK Auto, 4WD, & Tire, Inc. | $285,897 |
| Balaney Contracting, LLC | $159,500 |
| T & M Pallet, Inc. | $139,100 |
| D & H Cutoff Company | $121,200 |
| All Image, Inc. | $112,400 |
| New Village Farms, LLC | $106,210 |
| Sunshine Tree and Landscape, LLC | $104,682 |
| Bittone Equipment Services, LLC | $84,700 |
| Dennis Auction Service, Inc. | $81,800 |
| Total Automotive Solutions, LLC | $79,817 |
| Janry Pet Resort, Inc. | $76,316 |
| Sparkle Nails | $65,361 |
| Raider Electrical Contractor, LLC | $59,402 |
| Carlo P Pacis PC, D.D.S. | $56,090 |
| Chiropractic Health Clinic of Stewartsville | $52,500 |
| Star Auto Mall 78, LLC | $51,672 |
| Robert Blease | $50,000 |
| Iron Mountain Construction, LLC | $46,800 |
| North Atlantic Services | $46,052 |
| H & K Auto Body Repairs | $44,600 |
| Full Service Aquatics | $43,600 |
| Protocol Electric and Security, LLC | $41,765 |
| Interchange Technologies | $40,800 |
| Louis Garage, Inc. | $35,700 |
| Old Greenwich Presbyterian Church | $33,000 |
| Vbce of Stewartsville, LLC | $32,421 |
| Glenstrouse | $31,353 |
| 5-6-7-8 Dance, LLC | $26,640 |
| Trevors Landscaping, LLC | $23,738 |
| Spotlight Concierge | $20,800 |
| Ronald P. Peles Attorney at Law, LLC | $20,362 |
| ADP Chiro, LLC | $19,239 |
| Jac Associates -Sba Small 7a Term, LLC | $18,125 |
| Desert Rain, Inc. | $17,935 |
| Rentafriend.com, LLC | $17,755 |
| Richardhealey | $17,363 |
| AKT Solutions | $16,657 |
| Saker Ahmed | $16,099 |
| Buttercups Bakery, LLC | $14,100 |
| GZM Medical Cleaning Services, LLC | $12,969 |
| A&S Services, LLC | $12,907 |
| C. Patterson It, LLC | $11,780 |
| Quality Components and Services, LLC | $10,950 |
| Esposito Farm & Garden Equipment | $10,299 |
| Leila Finelli Realtor | $10,195 |
| Debs Business Solutions, LLC | $10,000 |
| Aloha Tan, LLC | $9,900 |
| Rye Fresh, Inc. | $9,730 |
| Zuchowski Contracting, LLC | $9,700 |
| Warren Ices, LLC | $9,157 |
| Top Notch Centre | $8,800 |
| Target Consult Services | $8,750 |
| Turner Home Inspection Service -Sba Small 7a Term, LLC | $7,500 |
| Sirius Solutions Group Corporation | $7,289 |
| Lotus-Cr, LLC | $5,680 |
| Chris Cross Kids, LLC | $5,442 |
| Imago Ai, LLC | $5,000 |
| Yasinta Switzer | $4,707 |
| ICS Fitness, LLC | $3,975 |
| Home Plate Dairy | $3,842 |
| Debi, Inc. | $2,800 |
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