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 27529
| Name of Borrower | Current Approved Amount |
|---|---|
| NC United Methodist Camp & Retreat Ministries, Inc. | $1,182,700 |
| Advance Concrete, LLC | $1,167,058 |
| Kenneth West, Inc. | $1,071,506 |
| Honducom Concrete, Inc. | $972,763 |
| Brinley's Grading Services, Inc. | $852,338 |
| Custom Home Exteriors, Inc. | $716,619 |
| Jordan Driving School, Inc. | $691,451 |
| RGC Rick Gilchrist Company, Inc. | $464,287 |
| Pope Landscape & Irrigation Company | $405,175 |
| MDN Cabinets | $342,357 |
| Robert Clark | $333,672 |
| John D. Adams & Company Cpas, PLLC | $313,552 |
| Carolina Panel and Glass Erectors, Inc. | $308,971 |
| Pyramid Construction Company, Inc. | $306,915 |
| David Pruitt Electrical Company | $303,750 |
| Carolinas Cotton Growers Cooperative, Inc. | $285,708 |
| Bbgarner, LLC | $277,448 |
| Cleveland Draft House, LLC | $275,000 |
| LA Cocina #6, Inc. | $271,106 |
| Langdon & Mckenzie, Inc. | $270,394 |
| Partwerx Automotive, LLC | $263,447 |
| The Clubhouse @ Cleveland Square, Inc. | $255,500 |
| Aldridge, Inc. | $255,163 |
| Brick and Stone of NC, Inc. | $255,100 |
| Core Building Company, Inc. | $242,965 |
| Class One Management, LLC | $242,900 |
| Utility Repair and Adjustments, Inc. | $240,747 |
| D and D Transit, LLC | $234,945 |
| Red Moon Contractors, LLC | $218,506 |
| Triangle Concrete & Contracting, Inc. | $214,402 |
| Big Education's South, Inc. | $213,979 |
| Kaze USA, Inc. | $202,198 |
| Tower Heating & Air, LLC | $189,615 |
| Lawndale Manor, Inc. | $184,931 |
| Steel Horse Saloon, LLC | $184,866 |
| Del Toro Concrete Works, Inc. | $182,835 |
| Comfort Service, Inc. | $178,100 |
| Wadelynn Geospatial, LLC | $175,512 |
| Hope Family Practice of Garner, PLLC | $173,650 |
| 'Now We're Talking' Pediatric Therapy, Inc. | $173,077 |
| Blue Eye Magic, LLC | $167,601 |
| Lylasue, Inc. | $167,160 |
| Feelgoodz Holdings NC, Inc. | $162,172 |
| RS Johnson Enterprises, Inc. | $157,600 |
| Lawrence Venet PLLC D.D.S. | $157,300 |
| Cleveland Child Care and Development Center, Inc. | $155,700 |
| KB Landscaping, Inc. | $152,797 |
| Carfix, Inc. | $152,477 |
| Inland Construction Company of North Carolina | $150,000 |
| Capital City Firm, Inc. | $149,900 |
| Ecobuild, LLC | $148,000 |
| Keika Ventures, LLC | $147,262 |
| Diamond Contracting, Inc. | $146,000 |
| Sampson Services, LLC | $145,186 |
| ECJ Enterprises, Inc. | $144,200 |
| Baf Contracting, Inc. | $143,737 |
| Glass Solutions, LLC | $142,265 |
| Welding Specialties & Mechanical Service | $141,079 |
| 4042 Motors, LLC | $140,500 |
| Oasis Eye Care Optometry PA | $139,400 |
| Realty Vestors, LLC | $138,540 |
| Kevin Arthur PA, D.D.S. | $138,400 |
| New York Bride & Groom of Raleigh, LLC | $138,185 |
| Volta Group Corporation, LLC | $134,283 |
| Sriswami, Inc. | $134,100 |
| Quarah, Inc. | $133,973 |
| Cermin Therapeutic L | $133,087 |
| E8 Energy, Inc. | $128,250 |
| Specialty Construction Services, Inc. | $127,800 |
| Atlantic Health Group, Inc. | $126,132 |
| The Insurance Centers, LLC | $125,317 |
| Rush Hour, Inc. | $123,900 |
| Smiths Addressing Machine Services | $120,066 |
| Alexa Holdings, Inc. | $119,300 |
| Unforgettable Food Affairs | $113,235 |
| Gilder Food Group, LLC | $112,000 |
| Shriji of Raleigh, LLC | $105,427 |
| Jack of All Trades by George, LLC | $105,231 |
| Turner Utilities, Inc. | $104,612 |
| Egogreen, LLC | $103,817 |
| Huckleberry's Friends, Inc. | $102,000 |
| JJ Mac Enterprises, LLC | $101,780 |
| Keystone Transport Company, LLC | $101,300 |
| Abell Elevator International of North Carolina, LLC | $101,229 |
| Encore RRC, Inc. | $96,220 |
| Comfort Wizards, Inc. | $94,327 |
| Shree Hari Hotels, LLC | $93,889 |
| Rainy Days Irrigation, Inc. | $91,931 |
| 2am Plumbing, Inc. | $90,162 |
| Robert W Eisberg II PA II, D.D.S. | $90,063 |
| Burrell Transit, LLC | $89,860 |
| Anfesas Incorporated | $88,509 |
| Wrights Building Specialties, Inc. | $87,000 |
| Craftys Garner, LLC | $86,369 |
| Mcgee Investments, Inc. | $85,665 |
| Venture Equipment & Services, LLC | $84,767 |
| Ameriserv, LLC | $84,410 |
| Larry Estes Body Shop, Inc. | $83,500 |
| 323 Sports, LLC | $83,241 |
| Goodtimes Arcade and Tavern, LLC | $82,320 |
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