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 |
|---|---|
| JCM Industries, Inc. | $1,773,600 |
| Quintec, Inc. | $1,040,930 |
| Reliance Plumbing Group, Inc. | $1,039,945 |
| H&K Electric, Inc. | $906,737 |
| Robbins Motor Company, Inc. | $635,272 |
| Krause Service Company, Inc. | $463,900 |
| J. R. Pope Company, Inc. | $251,018 |
| Red River Coatings, LLC | $246,748 |
| Recovery-Txk, LLC | $228,900 |
| Electrique Corporation, Inc. | $218,200 |
| RK Ranco Industries, LLC | $190,200 |
| Regional Sound & Communications, Inc. | $176,027 |
| Wright's Auto Body & Glass, Inc. | $174,168 |
| Eagle Cutting and Supply, LLC | $171,300 |
| Buckeye Cleaners, Inc. | $168,900 |
| DK Concrete, Inc. | $158,500 |
| Nash Electric, Inc. | $127,500 |
| Texarkana Fence & Access Control, LLC | $114,370 |
| Freeman Design and Consultation | $95,800 |
| Pop Pop Shoppe, LLC | $92,358 |
| Texas Chuck Wagon | $89,200 |
| Digital Effects Signs & Graphics, LLC | $88,645 |
| R&L Enterprises of Hot Springs, LLC | $83,135 |
| Total General Contracting, LLC | $63,100 |
| 4 Corners Petroleum Equipment | $59,250 |
| J&M Rogers Service Company, LLC | $49,127 |
| Children's Beginnings, Inc. | $41,803 |
| Southern Carpets of Texas, Inc. | $40,935 |
| Four States Cabinet and Door, LLC | $40,098 |
| Jimmy Anderson Construction, LLC | $38,276 |
| Lighthouse and Flooring Gallery, LLC | $28,280 |
| Dennis Mcguire Agency, LLC | $25,171 |
| Rankin Veterinary Clinic, PLLC | $24,300 |
| Stylerz Salon | $24,000 |
| Texas Best of Texas, Inc. | $23,700 |
| Stringer Wealth Management, Inc. | $22,968 |
| Sovanna Nou | $21,977 |
| CK System, LLC | $20,900 |
| Talana Valentine | $20,833 |
| Arkansas Sticks Baseball | $20,800 |
| MHM Supply, LLC | $20,800 |
| Pearlie Manning | $20,727 |
| SG Integration, LLC | $17,100 |
| G & Carpet, LLC | $14,600 |
| Joni Wright | $12,980 |
| Pinnacle Creative, LLC | $12,200 |
| Kenneth Williams | $11,842 |
| Carmalato Investments, LLC | $11,800 |
| Rogers Real Estate Holdings, LLC | $11,300 |
| Rodney Howeth | $9,640 |
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