Quantcast

Central Louisiana News

Monday, December 23, 2024

PPP loans: 15 loans in 2020 in ZIP Code 71462

Genbusiness009760x475

There were 15 PPP loans provided to small businesses in 2020 in ZIP Code 71462, according to the US Small Business Administration.

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 71462

Name of BorrowerCurrent Approved Amount
KLM Logging, Inc.$158,500
C & W Logging, Inc.$40,768
R & R Logging, LLC$40,713
Darrell Ezernack Hauling Contractor$20,833
JWM, LLC$19,800
TJHJR Oil Field Services, LLC$13,800
Barbara D. Sepulvado$12,700
Randal Etheridge Trucking, LLC$9,000
Harold Durr$8,000
Drag N FLY Logging, LLC$8,000
A & D Hauling Contract, LLC$7,897
Sepulvado Oilfield Productions, Inc.$7,100
DKK Trucking, LLC$4,000
Charles Ray Campbell$1,900
Logan B. Sepulvado$1,600

MORE NEWS