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 65275
| Name of Borrower | Current Approved Amount |
|---|---|
| Monroe County Service Company, Inc. | $257,344 |
| Andlee, LLC | $84,000 |
| Paris Veterinary Clinic, Inc. | $73,600 |
| Miller Resident Care, Inc. | $70,700 |
| Wheeler Auctions and Real Estate, LLC | $62,538 |
| Dye Farms, Inc. | $60,100 |
| Paris Auto Parts | $43,820 |
| Alan Morgan Farms | $38,500 |
| Reinhard Funeral Home, Inc. | $36,800 |
| Haskell Family Partnership | $34,920 |
| Ross Fencing & Sales, LLC | $31,060 |
| Russ Thomas Shelter Insurance | $29,607 |
| Hopewell Farms Operation Center, LLC | $29,300 |
| Monroe County Abstract & Title Company, Inc. | $27,934 |
| Haskell Farms, LLC | $26,288 |
| First Baptist Church of Paris | $25,853 |
| James Insurance Group, LLC | $23,348 |
| N-5 Enterprises, LLC | $22,500 |
| A & J Imagination Station, LLC | $22,403 |
| B&B Wade, LLC | $22,200 |
| Steven J. Dickey | $20,833 |
| Senior Citizens Community Center | $19,265 |
| Nicholas J. Ross | $18,181 |
| Faith Walk Ministry | $17,500 |
| Bright Family Farms, LLC | $17,500 |
| Momo's Sunshine & Grace | $15,843 |
| Chris Popkes Trucking, LLC | $14,673 |
| Putnam Tire and Muffler, LLC | $14,500 |
| Monroe County Farmers Mutual Insurance Company | $14,335 |
| Vitt Farms | $13,568 |
| Mr Trimworks, LLC | $13,300 |
| Anna V. Crusha | $13,007 |
| Austin Nordwald | $11,662 |
| Deatrick's Flower Box | $10,000 |
| Jonesy's Cafe, LLC | $9,622 |
| Wayne Coblentz | $8,804 |
| Paris First Christian Church | $7,103 |
| Randall R. Ray | $6,800 |
| Midway Christian Church, Inc. | $5,622 |
| Amy Mitchell | $2,754 |
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