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.
| Name of Borrower | Current Approved Amount |
|---|---|
| The Citadel at Winston Salem, LLC | $1,248,368 |
| Robinett Enterprises, Inc. | $830,405 |
| Daggett & Shuler, PLLC | $495,000 |
| Tarheel Investment Holdings | $481,589 |
| Batten & Company | $318,977 |
| Midtown Cafe & Dessertery, Inc. | $306,903 |
| Forsyth County Humane Society & S. A. (D. D. Schouler Chapt, P.C. | $292,900 |
| Proverbs 22:29, LLC | $285,343 |
| Cannon & Company, LLP | $284,835 |
| Spangler Rohlfing & Lambert PLLC D.D.S. | $249,600 |
| MLA Design Group, Inc. | $221,168 |
| KZ Hospitality, LLC | $213,605 |
| East Coast Wings Corporation | $212,243 |
| Vlasis Restaurant, Inc. | $206,150 |
| Salem Gymnastics Center, Ltd. | $205,717 |
| Little Richards BBQ of Winston Salem, Inc. | $205,282 |
| Hops Reynolda Road, LLC | $201,400 |
| Mayberry Restaurant Group, LLC | $184,821 |
| The Dorado Group, Inc. | $181,433 |
| J. Gregg Enterprises, Inc. | $173,460 |
| DRS. Chermak and Hanson a NC General Partnership | $170,100 |
| Acos Energy, LLC | $147,455 |
| Eat MO Pig, LLC | $134,421 |
| Pat's Body Shop | $128,220 |
| Triplett Dental Labs, Inc. | $119,810 |
| Pajr, Inc. | $117,817 |
| Trustee Taekwondo Center, LLC | $109,667 |
| Stylesource, Inc. | $107,551 |
| IN Motion Dance Center, Inc. | $102,518 |
| Southeast Salons, LLC | $100,075 |
| IXNK, Inc. | $99,700 |
| Tsigas, Inc. | $93,300 |
| Crouch Joslyn Good, PLLC | $90,800 |
| Adelfia Investments, LLC | $90,289 |
| Thermal Insulation of Winston Salem, Inc. | $87,500 |
| The Amnion Foundation | $85,880 |
| Nawab Restaurant, Inc. | $74,683 |
| Dukes Restaurant, Inc. | $68,334 |
| Freegrove Foods, Inc. | $65,948 |
| Thomas E Gatewood JR CPA, PC | $65,385 |
| A W Kelly PLLC D.D.S. | $63,422 |
| Curran Hospitality Group, Inc. | $62,139 |
| Annunciation Greek Orthodox Church | $61,234 |
| Nit, Inc. | $60,417 |
| Linor Technology, Inc. | $59,537 |
| Summit Services Group, LLC | $59,300 |
| Wyatt and Dad, Inc. | $52,575 |
| Camastra Enterprises, Inc. | $51,900 |
| Cirtual, LLC | $51,550 |
| Monte DE Rey of Country Club, Inc. | $51,474 |
| River Run Personnel, LLC | $50,437 |
| Bunnystop Pre-School, Inc. | $50,000 |
| SKI and Tennis Station | $47,500 |
| Marescallc | $45,616 |
| Bingham Insurance & Financial, Inc. | $43,722 |
| Gray Chiropractic and Sports Associates | $41,684 |
| Summit Healthcare Group, LLC | $41,600 |
| Espinosa Architecture & Consulting, PC | $39,672 |
| Ronald W. Logan PLLC D.D.S. | $38,000 |
| Salem Financial Group, Inc. | $37,983 |
| Capital Billing Solu | $35,930 |
| Miyazaki Enterprises, LLC | $35,602 |
| Triple Threat Dancenter, Inc. | $33,668 |
| Prestige Worldwide Asset Group, LLC | $33,375 |
| John C Hanson PA, D.D.S. | $33,000 |
| The Winslow Group, Inc. | $32,631 |
| Juggheads, LLC | $30,138 |
| Gaia, Inc. | $30,000 |
| All Numbed Up, PLLC | $29,825 |
| N by Design | $29,323 |
| William Noble | $29,212 |
| Schollander Law Office, LLP | $26,427 |
| Om Neelkanth, Inc. | $26,290 |
| Rebecca & Company of Winston Salem | $26,250 |
| Vlasis Building Services, Inc. | $26,033 |
| Carolina Tailwinds, Inc. | $24,600 |
| E'Ton Cafe, Inc. | $23,814 |
| Mitchell's Piano Gallery, Inc. | $23,284 |
| William Sprinkle | $22,525 |
| William Sprinkle | $22,525 |
| Daniel Taylor | $21,220 |
| Anna Nguyen | $20,833 |
| Kiasia Calhoun | $20,833 |
| Rajah Williams | $20,833 |
| Dawn Grubbs | $20,833 |
| Nelson Goodley | $20,833 |
| Roman Davis | $20,833 |
| Trevel Watson | $20,833 |
| Jerry Chostner | $20,833 |
| Paul Jones | $20,833 |
| Jadiyn Hicks | $20,833 |
| Kiasia Calhoun | $20,833 |
| Brian Poindexter | $20,833 |
| Bernard Robinson | $20,833 |
| Richard Conrad | $20,833 |
| Ophelia Dawolo | $20,833 |
| Ronald Logan | $20,833 |
| Amick Medical Systems | $20,833 |
| Sharmani Lumpkin | $20,833 |
| Temerius Briley | $20,833 |
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