The Paycheck Protection Program (PPP) provided loans to small businesses affected by the COVID-19 pandemic. Companies with less than 500 employees, sole-proprietorships, independent contractors and self-employed individuals could 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.
PPP loans distributed in 2020 in ZIP Code 47977
| Name of Borrower | Current Approved Amount |
|---|---|
| American Fibertech Corporation | $4,391,940 |
| FBI Buildings, Inc. | $2,777,805 |
| Summit Heartland, LLC | $1,000,732 |
| Summit Livestock Facilities, LLC | $652,792 |
| Ulyat Trucking, Inc. | $328,633 |
| Remington Family Dentistry, LLC | $265,500 |
| D & K Electric, Inc. | $160,400 |
| Greg Schneider Electric, Inc. | $146,310 |
| I-65 Truck and Accessories Sales, LLC | $145,728 |
| Hood Boys, Inc. | $129,845 |
| Sundowner Express, Inc. | $120,385 |
| Remington Farms, LLC | $117,900 |
| The Homestead Buttery, LLC | $81,160 |
| Clark's Cutting Edge, Inc. | $76,500 |
| Remington Food Market, Inc. | $75,605 |
| Hoover Enterprises, LLC | $71,867 |
| Multicell Midwest Incorporated | $60,100 |
| S & L Auto Parts, Inc. | $50,100 |
| Solid Rock Agent Solutions, Inc. | $45,583 |
| S&T Hospitality, Inc. | $43,000 |
| Shreejee Corporation | $40,300 |
| Three Men and a Grape | $31,175 |
| Biddle Farms O&e, LLC | $30,292 |
| Todd Peterson | $29,900 |
| Bob & Connies Restaurant & Pub | $27,455 |
| Creek Farm, Inc. | $25,300 |
| Chrome Transport, LLC | $24,021 |
| Hageman Realty, Inc. | $24,000 |
| Terry Lambert | $21,080 |
| Tegra, LLC | $20,833 |
| Waibel Farms, Inc. | $20,800 |
| Jaime Herrera | $20,800 |
| Clark Family Agent, LLC | $20,717 |
| Biddle Seeds, Inc. | $20,630 |
| Remington United Methodist Church | $17,883 |
| Coty Construction, LLC | $16,340 |
| Transwide Consultants, Inc. | $16,115 |
| G&G Bussing, Inc. | $15,760 |
| Kevin Waibel | $15,100 |
| Robert Beckley | $10,411 |
| Dennis Stoller Farms, Inc. | $8,580 |
| Douglas J. Cochran | $8,175 |
| Remington Poultry & Catering | $7,538 |
| Curt Bledsoe Farms, Inc. | $7,200 |
| Samuel A. Lehe | $6,537 |
| Foxhill Farm, Inc. | $6,250 |
| Gene Waibel | $5,400 |
| The Law Office of Jessica L Hoover, LLC | $5,100 |
| Westerfeld Trucking, LLC | $5,055 |
| MH Realty, LLC | $3,100 |
| D&K Lawn Care & Landscaping, LLC | $2,085 |
| Terry Hardin | $1,463 |
| Erin Grimes | $630 |
Alerts Sign-up