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.
Top 100 largest PPP loans in 2021 in ZIP Code 27804
| Name of Borrower | Current Approved Amount |
|---|---|
| Freedom Industries, Inc. | $1,896,577 |
| Coeco Office Systems, Inc. | $1,377,970 |
| Crown LSP Group, Inc. | $702,720 |
| Joyner Keeny, PLLC | $536,456 |
| Henson & Fuerst PA | $502,000 |
| Chambliss & Rabil Construction Company, Inc. | $420,412 |
| Rocky Mount Eye PA | $395,814 |
| Union Food, LLC | $386,685 |
| Lewis Advertising, Inc. | $332,664 |
| Rocky Mount Family Ymca, Inc. | $331,172 |
| Battle Winslow Scott & Wiley P. A. | $320,498 |
| B&M Construction of Rocky Mount, Inc. | $314,455 |
| Log Cabin Homes, Ltd. | $280,290 |
| Open Minded Developmental Services I | $270,170 |
| Oakley Collier Architects P. A. | $261,358 |
| Winstead Park Hotel, LLC | $257,278 |
| Rocky Mount Corral, Inc. | $253,943 |
| El Tapatio of Rocky Mount, Inc. | $242,363 |
| FCM Associates Rocky Mount, Inc. | $221,879 |
| First Carolina Management, Inc. | $219,082 |
| Harvest Rocky Mount, LLC | $217,066 |
| Louca and Associates, LLC | $213,317 |
| 126 Burger Bar, LLC | $210,749 |
| Shearin Heating & Cooling, LLC | $208,892 |
| Boys and Girls Club of the Tar River Region | $202,570 |
| Cliett, Inc. | $201,155 |
| Chair and Equpment Rentals, Inc. | $199,537 |
| Walker Paint Company, Inc. | $198,760 |
| D. J. Rose & Son, Inc. | $182,160 |
| Elizabeth E Miller MS PA, D.D.S. | $177,362 |
| Unique Hotels, LLC | $174,789 |
| Ichiban USA, Inc. | $163,041 |
| DRS Hunt & Hunt PA | $157,761 |
| Metz Medical Transport, Inc. | $156,057 |
| Tap @ 1918, LLC | $155,512 |
| San Jose of Rocky Mount 2, Inc. | $154,619 |
| Strickland & Kim P. A. | $145,168 |
| El Tapatio Progress, Inc. | $138,936 |
| Bob's Appliance Service, Inc. | $136,730 |
| York Investments, LLC | $134,970 |
| DRS Barringer and Crestetto PA | $130,007 |
| Appian Consulting Engineers P. A. | $127,285 |
| Westridge Grill, Inc. | $122,707 |
| Hinson Industries, Inc. | $122,315 |
| Quality Office Equipment, Inc. | $122,209 |
| Carl G. Purvis PA, D.P.M. | $117,070 |
| BRR Ventures, LLC | $116,524 |
| AD1 Rocky 1, LLC | $112,925 |
| Sports Court Solutions by Floor Action, Inc. | $110,000 |
| Frontier Trailer Associates, Inc. | $109,712 |
| DMS Equipment Corporation | $108,279 |
| Lechris Adult Day Care of Rocky Mount, Inc. | $108,035 |
| NC Children's Voice Center | $107,500 |
| Supply Chain Engineering, LLC | $107,209 |
| Bryant's Electrical Service, LLC | $104,814 |
| Progressive Care Services, Inc. | $98,520 |
| Bowling Center, Inc. | $97,810 |
| Jinesh Patel PA, D.M.D. | $97,702 |
| Higgins Mani and Watson Vid. D. S. P. A. | $90,387 |
| Brian Vick | $87,267 |
| BRR Enterprises, LLC | $84,835 |
| David & Davis Machine & Welding Company, Inc. | $83,232 |
| Bulluck Furniture Company, Inc. | $78,502 |
| Carolina Sports and Spine P. A. | $76,351 |
| C2it, Inc. | $74,589 |
| Hing Trading as | $73,349 |
| Doris Knight Thorne PA, D.D.S. | $72,816 |
| Brian Thomas | $71,890 |
| Jennifer Tedder PA, D.D.S. | $70,631 |
| Lakeside Baptist Church | $68,918 |
| Tastee Creations, Inc. | $68,405 |
| All Smiles Child Care, Inc. | $66,077 |
| Apple Tree Wee School, Inc. | $66,023 |
| Jefferson West Management, LLC | $65,236 |
| James T. Woodard PA, D.D.S. | $63,367 |
| Rocky Mount Laundry & DRY Cleaners, Inc. | $60,260 |
| United Way Tar River Region | $58,739 |
| Jon Chelles Salon, LLC | $58,597 |
| The King Company, Inc. | $56,875 |
| Sosna Law Offices, PLLC | $55,612 |
| Willard Ellis Jr. | $53,190 |
| Jim Dickens Printing & Promo, Inc. | $52,835 |
| Da Boatryde Complex | $52,646 |
| MS Hospitality Group, LLC | $51,900 |
| New Fashions, Inc. | $51,365 |
| Robkin, LLC | $51,000 |
| United Community Ministries, Inc. | $50,214 |
| Silverdiamond Auto Sales | $50,000 |
| New Beginning Family Services of NC | $47,518 |
| Mullen & Company, Inc. | $47,048 |
| Rhodes Dental Laboratory, LLC | $45,117 |
| Wealth Management Strategies, Inc. | $42,214 |
| Dari., Inc. | $41,700 |
| New Ganesh, LLC | $41,298 |
| O 64 Entertainment Enterprises, LLC | $40,315 |
| Park Plastic Surgery PA | $40,131 |
| Little Angels New Generation Child C | $40,000 |
| Central Cafe | $39,378 |
| WNCR Media Group, Inc. | $36,563 |
| Paws INN, Ltd. | $36,440 |
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