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 |
|---|---|
| Reed City Group, LLC | $1,394,190 |
| Uusi, LLC | $580,667 |
| Gerber Construction Company, Inc. | $553,034 |
| H&R Screw Machine Products, Inc. | $492,161 |
| Kraftube, Inc. | $447,117 |
| Double Diamond Transport | $244,958 |
| H & H Wildlife Design and Fur Dressing | $240,108 |
| Babb Ford Sales, Inc. | $224,342 |
| BBR Mobile Home Setup, LLC | $179,953 |
| Reed City Dental Health Care | $134,870 |
| Phils County Line Service | $98,057 |
| OLDS Construction of Reed City, Inc. | $87,581 |
| Russell's Body Shop, LLC | $77,775 |
| Trinity Lutheran Church of Reed City | $76,455 |
| Dependable Progress, LLC | $72,905 |
| Patches Enterprises, Ltd. | $72,260 |
| Newbees Childcare Ministry | $71,226 |
| Goodman's, LLC | $66,739 |
| Erica Lee Touhill-Watson, PC, O.D. | $64,375 |
| Northern Star Home Enterprises, LLC | $60,030 |
| Pompeii's Pizza Reed City | $55,000 |
| Reed City Tire | $44,391 |
| Goodman's Market, LLC | $38,401 |
| Anderson Agency, Inc. | $34,900 |
| South Park Homes | $34,730 |
| Great Lakes Equipment and Truck Sales, Inc. | $33,900 |
| Adams Tax Service, Ltd. | $33,862 |
| Skip's Pool & Spa, Inc. | $32,500 |
| Rich Sheldon Insurance Agency, Inc. | $30,678 |
| St. Philip Neri Catholic Church | $29,878 |
| Crossroads Business Services | $28,674 |
| Seven Slot Grille, LLC | $27,793 |
| Ihealth Pharmacy | $26,200 |
| Sunny's Bar & Grill | $25,155 |
| Papas Place Adult Day Care, LLC | $25,000 |
| Richard Lebaron | $23,576 |
| Family Optometric Centers | $23,041 |
| Ron's Outdoor Power Equipment, LLC | $21,551 |
| Jewett Financial Services Corporation | $21,162 |
| Red Tail Brewing Company, LLC | $19,885 |
| Blown Away Salon | $19,228 |
| Robert J. Morlock | $17,300 |
| D & E Supply Company, Inc. | $16,910 |
| G. E. Johnson Construction | $16,660 |
| Zolman Group, LLC | $15,064 |
| Dan Lee Agency of Michigan, Inc. | $14,588 |
| Purefab, LLC | $10,902 |
| Z Huss Dairy Depot, LLC | $9,375 |
| New Beginnings Fellowship Church | $8,845 |
| Knoop Excavating Service, Inc. | $8,200 |
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