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Sunday, November 24, 2024

ZIP Code 48744: 26 PPP loans provided to small businesses in 2020

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There were 26 PPP loans provided to small businesses in 2020 in ZIP Code 48744, according to the US Small Business Administration.

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 48744

Name of BorrowerCurrent Approved Amount
Northern Log Supply, LLC$197,000
Wilkinson Solutions, LLC$105,272
Katamy Corporation$96,800
Paula J. Raymond$62,900
Fowler Center Incorporated$52,851
Barna Log Homes, Inc.$40,570
A&A Ventures, Ltd.$30,400
Kitchen Well Drilling, LLC$29,800
Mikinaak Sand and Gravel, LLC$28,938
Franzel Well Drilling, LLC$25,845
Butterfield Trucking, LLC$20,833
Gary Allen Enterprises, Inc.$20,832
Papergala, LLC$19,500
Mayville United Methodist Church$18,357
Tek4ufast$18,093
Tiffin Funeral Home, Inc.$10,347
Gerry's Home and Business Solutions, LLC$10,339
Pleasant View Free Methodist Church$9,974
Marksman Roofing & Maintenance, Inc.$8,531
CCM Hospitality, Inc.$8,465
Brandyn Kaller$8,349
CCS Operating Company$7,970
William Robinson$7,260
Mohr Dairy Farm, Inc.$6,215
Lawson D. Bennett$4,697
Piche Builder$4,411

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