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 14865
| Name of Borrower | Current Approved Amount |
|---|---|
| Welliver Mcguire, Inc. | $2,250,000 |
| Stewart P. Wilson, Inc. | $324,200 |
| FLX Hospitality, LLC | $285,375 |
| The New Falls Home | $258,542 |
| Wot Auto Parts, Inc. | $152,500 |
| H. L. Stephens, Ltd. | $129,500 |
| Curly's Family Restaurant | $101,630 |
| Schuyler County Child Care Coordinating Council, Inc. | $99,830 |
| William W. Hill | $92,640 |
| Jeffs on Site Services, Inc. | $78,000 |
| Jerlando's Pizza Corporation | $62,467 |
| Gokey & Compton, LLC | $52,870 |
| Taylor Precision Machining, Inc. | $50,255 |
| Doyle D. Davis | $38,100 |
| Chicone Builders, LLC | $35,216 |
| Ray B Forker Enterprises | $33,970 |
| Theresa Butler | $26,200 |
| Kurtz Enterprizes | $25,320 |
| Humane Society of Schuyler County | $25,200 |
| Finger Lakes Chiropractic & Wellness Station | $24,000 |
| Cycles Incorporated | $23,230 |
| D. G. Zinger, Inc. | $22,470 |
| Shree Hari NY Corporation | $21,669 |
| Chicone Cabinetmakers | $21,100 |
| Sarah Agan | $20,800 |
| Paradiso's Village Bakery, LLC | $18,867 |
| Fingerlakes Automotive | $18,472 |
| Frank's Automotive Specialists | $17,500 |
| DGZ, Inc. | $16,620 |
| David A. Louch | $16,540 |
| Seneca Trucking, LLC | $14,125 |
| Robert L. Halpin | $13,250 |
| Cook Mansion Bed & Breakfast, LLC | $13,231 |
| Veer Corporation | $11,890 |
| The Cleaning Factory | $11,290 |
| Grand Prix Fitness and Fuel | $9,870 |
| Wixson Sand and Gravel | $9,200 |
| Montour Motors Models | $7,440 |
| Schuyler County Historical Society | $5,270 |
| Ellen Mathers | $5,264 |
| Flower Divas of Montour Falls | $3,240 |
| Krista E. O'Connor | $1,970 |
| Visscher Transport | $1,766 |
| Rose's Cuttin Up on Main Street | $1,370 |
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