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 71430
| Name of Borrower | Current Approved Amount |
|---|---|
| MLH Farms, LLC | $345,500 |
| Eco Wholesale Nursery, LLC | $292,300 |
| F&M Vargas Nursery, LLC | $247,400 |
| Larry Grayson & Son Trucking, LLC | $228,400 |
| Doug Young Nursery, LLC | $198,250 |
| Kingdom Security | $187,200 |
| Wayne's Nursery, Inc. | $146,755 |
| Faith Nursery, LLC | $140,340 |
| MI Tierra Caliente, LLC | $118,808 |
| The Whaley Place, LLC | $105,500 |
| Lakeview Nursery, LLC | $102,905 |
| Young Hollow Nursery, Inc. | $93,500 |
| Sep Trucking, LLC | $88,832 |
| Clyde Holloway's Nursery, LLC | $84,000 |
| John Langston Nursery, LLC | $82,095 |
| East of Eden, Inc. | $77,309 |
| B & T Grower Supply, Inc. | $60,582 |
| Smithco Nursery, Inc. | $57,328 |
| Plantworx Nursery, LLC | $47,600 |
| Fox Enterprises of Louisiana, LLC | $44,020 |
| Evan's Nursery, Inc. | $41,900 |
| Beams Farms, LLC | $40,053 |
| Sam Stokes Nursery, LLC | $39,700 |
| Midstate Nursery, LLC | $27,900 |
| Trinity Christian Center | $24,000 |
| NB Metal Worx | $19,500 |
| Penny McGuffee | $18,395 |
| Wag a Bag Grocery | $12,628 |
| IN the Woods Nursery | $11,000 |
| David Thomas Trucking, LLC | $9,501 |
| Louisiana Roots Nursery & Landscape, LLC | $5,438 |
| Patrick Austin | $2,700 |
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