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 |
|---|---|
| Hannoush Jewelers, Inc. | $875,000 |
| N. Hannoush Jewelers, Inc. | $625,000 |
| George Hannoush Jewelers, Inc. | $450,000 |
| Community Transportation Services, Inc. | $354,373 |
| Cheng Brothers, LLC | $205,600 |
| Falcetti Pianos, LLC | $170,300 |
| T. P. Sampson Company | $168,830 |
| Quartz Eye Care, LLC | $148,400 |
| Falcetti Music, Inc. | $135,400 |
| Pioneer Valley Montessori Soci | $126,300 |
| 16 Acres Dental Health Center, PC | $101,250 |
| Condon Manufacturing Company, Inc. | $98,732 |
| Roberts & Sons Printing, Inc. | $92,000 |
| LFFSP1, Inc. | $90,800 |
| Vanguard Dental, LLC | $79,100 |
| Pirate Queen, Inc. | $78,900 |
| JMC Tool Corporation | $59,200 |
| Northeast Piano Movers, LLC | $45,800 |
| Markets, LLC | $36,570 |
| Euro Coiffure Salon Day Spa, Inc. | $36,379 |
| Send It Sales, LLC | $31,488 |
| Custom Car Sound of Springfield, Inc. | $30,427 |
| Roman Catholic Bishop of Springfield a Corporation Sole for St. Cath | $29,800 |
| Geoffrey R. Farrington | $25,300 |
| Blakes School Uniform Company, Inc. | $25,000 |
| Family Psychological Health Center | $22,528 |
| All Access Trading, LLC | $22,366 |
| ESP Auto Engineering, Inc. | $22,200 |
| Right Key Realty, Inc. | $20,833 |
| LKM Modeling, Inc. | $20,800 |
| Charlene Naylor | $20,800 |
| Yvette R. Carter | $20,066 |
| DR Laura Gramse | $19,913 |
| RH Ward Construction, LLC | $19,400 |
| Edward P. Garabedian | $15,200 |
| Kathy Mai | $15,000 |
| Dress for Success of Western-Sba Small 7a Term | $14,552 |
| General Freight Trucking, LLC | $13,900 |
| SKY Beauty Corporation | $13,500 |
| Lisa Rubner | $11,100 |
| Shou Cheng Ni | $10,817 |
| Springfield Acres Newsstand Corporation | $10,700 |
| Joseph Norman | $10,685 |
| Beury Torres | $10,500 |
| Trijal and Aashi, LLC | $10,000 |
| William F. Bullock | $10,000 |
| Stephen Thomas Cleaners, Inc. | $9,625 |
| Ur Discount Tobacco | $9,600 |
| Carol ANNS School of Dance | $9,333 |
| Yum Yum Kitchen, Inc. | $9,313 |
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