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 |
|---|---|
| Eavers, LLC | $614,400 |
| Draftco, Inc. | $522,400 |
| Rorrer Enterprises, Inc. | $316,700 |
| Big O Tree & Lawn Service, Inc. | $210,048 |
| Stuarts Draft Retirement Community | $183,820 |
| Point 2 Point, Inc. | $159,100 |
| H. C. Eavers and Sons Incorporated | $150,900 |
| Appalachian Woods, LLC | $125,300 |
| Ken Clark, LLC | $124,022 |
| Stuarts Draft Family Pharmacy | $116,500 |
| Creative Wonders Learning Center Payroll | $109,045 |
| Foxden Equine, Inc. | $104,500 |
| Ridgeview Baptist Church | $102,200 |
| Animal Hospital of Stuarts Draft, Inc. | $84,000 |
| Draft Electric & Plumbing Service, Inc. | $73,077 |
| Dr. James F. Hutchens | $65,633 |
| Coyner's Parking Lot Cleaning Services, Inc. | $53,141 |
| Ciros Pizza of Stuarts Draft | $49,744 |
| Sanzone's Italian Restaurant, LLC | $49,540 |
| Terra Engineering and Land Solutions, PC | $48,542 |
| Outback Heating of Virginia, Inc. | $47,095 |
| King Custom, Inc. | $46,800 |
| Lotts Appliance Center, Inc. | $43,898 |
| Robords Construction, Inc. | $43,510 |
| Lotts & Associates, P.C. | $40,500 |
| Kiser Auto Sales, Inc. | $38,998 |
| Campbell & Company Homes | $38,400 |
| Sours Home Improvements | $37,817 |
| Tiger Paper Company, Inc. | $37,250 |
| Golden Gardens Residential | $36,400 |
| Sours Automotive, Inc. | $35,892 |
| Anita L Bell, PC, D.D.S. | $35,600 |
| Junior's Welding & Metal Fabrication, Inc. | $33,950 |
| Noor Oil, Inc. | $32,285 |
| Arbaugh Commercial, Inc. | $29,852 |
| Scottos Trattoria | $27,400 |
| Harry Moore, Inc. | $25,500 |
| Destiny Family Center | $24,600 |
| Rankin Auto Service, Inc. | $23,545 |
| Positive Paws K 9 Training | $20,700 |
| KHK, Inc. | $20,000 |
| Kenneth Wayne Transport, LLC | $19,802 |
| Jay Ambika, Inc. | $18,510 |
| Lawn Sharks Landscaping, LLC | $18,000 |
| Twin Springs Farm, LLC | $18,000 |
| Genserv, LLC | $16,524 |
| DKS Donuts, Inc. | $14,400 |
| Rejoicing Life Church, Inc. | $13,300 |
| Sooner BBQ & More, Inc. | $12,768 |
| H & H Flooring | $11,905 |
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