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 71467
| Name of Borrower | Current Approved Amount |
|---|---|
| Woods Haven Nursing Care and Rehabilitation Center | $337,289 |
| Central Timber Services, LLC | $106,090 |
| Futrell Electric | $81,400 |
| Grant One Stop of Pollock, LLC | $60,043 |
| Reliable Electrical Services, LLC | $34,400 |
| Auto Express Service Center | $26,575 |
| Cabinet Crafters Plus, Inc. | $25,892 |
| Louisiana Congregational Ministries of the Church of God | $24,290 |
| Greater Air & Heating, LLC | $23,930 |
| Dixie Auto Sales Towing & Recovery, LLC | $23,302 |
| Slaughter Enterprises, LLC | $23,300 |
| Briggs Specialty Services, LLC | $22,908 |
| G & R Leger Enterprises, LLC | $22,457 |
| Giggles and Hugs Learning Center, LLC | $20,120 |
| CNC Anesthesia, LLC | $19,951 |
| Pollock Campground Association, Inc. | $13,489 |
| Horizon Claims Service, LLC | $11,250 |
| Debusk Oil, Tire & Accessories, LLC | $10,998 |
| Scorpion Technologies, LLC | $10,000 |
| Avery A. Williams | $5,082 |
| Central Pool Services, LLC | $4,528 |
| Dolphin Floors | $4,043 |
| Dakota Chelette | $3,400 |
| Andrea's Ten-Til-Late Family Hair Care Salon | $3,100 |
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