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 71485
| Name of Borrower | Current Approved Amount |
|---|---|
| Pecan Grove Training Center | $577,100 |
| Protected Cargo Transport, LLC | $261,555 |
| Ingalls Information Security, LLC | $179,000 |
| Louisiana Conference Center of the United Methodist Church | $84,400 |
| Starburst Enterprises Jerry Thomas Christopher Jani King FRA | $69,500 |
| Vanmol, LLC | $65,000 |
| Quality Contracting, LLC | $61,700 |
| MJL Construction, LLC | $48,000 |
| Kramer Development Company, Inc. | $45,100 |
| A & E Food Store, LLC | $44,350 |
| S Parkside, LLC | $33,062 |
| Fleet Maintenance & Compliance Center, Inc. | $32,105 |
| Lowe's Construction, LLC | $24,500 |
| Schmolke Investment Team, LLC | $20,800 |
| Jason Stallings | $20,750 |
| Patriot Golf Carts, LLC | $20,400 |
| Thunderhorse Services, LLC | $18,700 |
| JRT Anesthesia, LLC | $17,602 |
| Ashley Wenkel | $16,100 |
| Muse Hill Nursery, Inc. | $16,070 |
| DCP Medical Contractor Services, LLC | $12,375 |
| Premiere Home Improvements | $12,200 |
| Huckleberry Brewing Company, LLC | $10,923 |
| New Life International Outreach | $10,900 |
| Delaney’S Hood-Vent Service | $9,500 |
| Clean Air Systems | $8,445 |
| A Baillio Properties, LLC | $8,381 |
| Cenla Securities, LLC | $8,300 |
| Candace Selman Relator | $7,630 |
| JB Well-Technician Consulting, LLC | $7,500 |
| Quantico Farms | $5,899 |
| MSD Enterprises, LLC | $5,100 |
| Cenla Property Maintenance, LLC | $3,437 |
| Beyond Words Therapy Services, LLC | $2,958 |
| Veronica Kessel | $1,800 |
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