Here are the top 50 largest PPP loans provided in 2020 to small businesses in ZIP Code 24482, according to the US Small Business Administration.
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 |
|---|---|
| Accutec Blades, Inc. | $2,205,847 |
| Nexus Services, Inc. | $1,399,856 |
| Dixie Gas & Oil Corporation | $727,900 |
| Koinonia, Inc. | $640,000 |
| Flow Beverages, Inc. | $637,663 |
| Calvano & Lagrua, PLC | $463,700 |
| Meade Trucking Company, Incorporated | $391,000 |
| Mary L. Mcdaniel & Associates, Inc. | $386,500 |
| Commonwealth Excavating, Inc. | $357,500 |
| Synergy Rehab and Wellness, PLC | $246,000 |
| Dascom Americas SBI, LLC | $240,400 |
| White, Withers, Masincup & Cannaday, PC | $228,000 |
| R. G. Schreiber, Inc. | $214,500 |
| Augusta Utilites, Inc. | $181,697 |
| Sherando Management Group, LLC | $179,700 |
| Webster & Webster, Inc. | $150,600 |
| Shenandoah Valley Landscaping, Inc. | $118,137 |
| Augusta Steel Corporation | $102,490 |
| Eddie’s Excavating, Inc. | $97,000 |
| High Technician Salon & Spa | $95,500 |
| Verona Car Care, Inc. | $86,300 |
| C. D. Wilson, Inc. | $80,885 |
| Little Maria’s, LLC | $75,000 |
| Augusta Seed Corporation | $69,500 |
| Armstrong’s Restaurant, Inc. | $68,500 |
| Lineage Architects, PC | $67,200 |
| J Martinez Construction, LLC | $66,322 |
| Malr, LLC | $63,385 |
| Wonder Land Enrichment Center, Inc. | $59,000 |
| John Burkhill and Associates, Inc. | $57,500 |
| Middle River Companion Animal Hospital, Inc. | $55,000 |
| ELK Trucking, Inc. | $54,000 |
| BW Hamrick Engineering | $47,809 |
| Z & Z Machine, Inc. | $45,000 |
| Treacy D Jones, PLC, D.D.S. | $43,488 |
| MI Rancho IV, Inc. | $43,133 |
| Full Circle Finance, Inc. | $41,405 |
| DWS Properties, LLC | $40,460 |
| Project Grows, Inc. | $40,100 |
| Animal Clinic, PC | $30,600 |
| William Ryan Ostrander | $29,600 |
| Valley Auto Sales | $25,966 |
| Jason Berry Stables, LLC | $25,500 |
| Shree Kuleshvari, LLC | $22,495 |
| Vansh, LLC | $20,867 |
| WCD Consulting Company | $18,750 |
| Jordan’s Lawn Care, Inc. | $18,500 |
| Central Insurance Services of Virginia, Inc. | $15,200 |
| Bare Siding Company, Inc. | $15,000 |
| PBQ, Inc. | $14,600 |
