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 63555
| Name of Borrower | Current Approved Amount |
|---|---|
| Scotland County Memorial Hospital Distri | $1,700,000 |
| Pepsi-Cola Memphis Bottling Company | $428,600 |
| Oakwood Industries, LLC | $221,076 |
| M&o Concrete, Inc. | $107,057 |
| Scotland County Pharmacy Incorporated | $74,188 |
| Hopkins Lumber Company, Inc. | $65,251 |
| Mayberry Farms Truck Accesories, Inc. | $57,712 |
| MLRS Construction, LLC | $56,659 |
| R. P. M. Truck Accessories, L. C. | $49,000 |
| Scotland County Livestock, LLC | $39,992 |
| Fox Ridge Construction, LLC | $34,262 |
| Wamco Athletics | $33,415 |
| Tri-Rivers Broadcasting Company, Inc. | $26,380 |
| HDR Incorporated | $25,805 |
| Walker Motors Collision Repair, Inc. | $25,645 |
| TRI State Timber Sawmill, LLC | $25,382 |
| Lacey's Family Diner, LLC | $22,001 |
| CCH Insurance Services, LLC | $21,416 |
| TRI State Timber, LLC | $20,833 |
| Dagabelo Realty Company, Inc. | $20,519 |
| TRI State Timber Land Improvement, LLC | $20,514 |
| OFF Road Tire & Service Center, LLC | $18,679 |
| Memphis United Methodist Church, Inc. | $16,838 |
| Bookkeeping and Tax Service | $16,210 |
| School Vending, LLC | $14,733 |
| Eugene N. Oberholtzer | $14,728 |
| Mcbee Construction | $13,745 |
| Scotland County Lanes, LLC | $13,542 |
| Holton Welding Service | $13,400 |
| David Edwin Kirkpatrick | $12,735 |
| Blomme Construction, LLC | $11,982 |
| Laura the Tax Lady, LLC | $11,000 |
| Tinkle Funeral Home, Inc. | $10,321 |
| Corner Studio Salon & Spa, LLC | $10,000 |
| Norman Mayberry | $9,761 |
| Cross M, Inc. | $8,605 |
| DBA Swearingen Trucking | $7,890 |
| MJB Transportation, Grain and Rock Local Haul, LLC | $7,615 |
| Kelly D. Cooley | $7,483 |
| Matthew J. Brewer | $7,407 |
| Garman Farms | $7,221 |
| David Myers | $7,099 |
| Hauk Seed & Feed | $7,083 |
| Aaron Dannenhauer | $6,865 |
| K & M Automotive | $6,656 |
| Sean R. Lucas | $6,250 |
| Kaela Ranee Shelley | $6,221 |
| Jim Long Construction, LLC | $5,864 |
| Stone Trucking | $5,342 |
| Mike L. Stone | $5,341 |
| Monty Mumford | $5,337 |
| Memphis Mercantile | $5,209 |
| Justice Transport, LLC | $5,000 |
| Boyer Retreat | $4,675 |
| Holtons Tire Repair | $4,350 |
| Kidz Korner | $3,960 |
| Don Gibson Farms, LLC | $3,700 |
| Eclipse T-Shirts | $2,590 |
| Leslie D. Richmond | $2,492 |
| Hott, LLC | $2,133 |
| Scotland County Larger Parish | $2,125 |
| St. John Catholic Church, Memphis | $1,700 |
| Albert Dean Beckert | $629 |
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