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 71857
| Name of Borrower | Current Approved Amount |
|---|---|
| J. D. & Billy Hines Trucking, Inc. | $2,311,050 |
| Hillcrest Care & Rehab, LLC | $587,500 |
| Nevada County Ambulance Service, Inc. | $293,547 |
| M & M Wrecker Service, LLC | $225,000 |
| G Quick Mart, LLC | $150,357 |
| Split Rail, Inc. | $148,917 |
| No Way Pulpwood, Inc. | $111,990 |
| Horizons of Hope, Inc. | $105,570 |
| Bo Jester Logging, LLC | $90,000 |
| D & D Building Supply, LLC | $54,000 |
| Stayton & Associates, P.C. | $49,378 |
| R. L. & C. A Hastings Corporation | $49,200 |
| Glass Insurance Agency, LLC | $48,525 |
| Gupta Quick Mart, LLC | $46,042 |
| The PSE Effect, Inc. | $44,960 |
| Dalrymple-Crain Accounting PA, Ltd. | $36,960 |
| Audie M Teague | $36,800 |
| Paramount Fuels, Inc. | $33,400 |
| Prescott Automotive, LLC | $29,032 |
| RSA & L, LLC | $25,800 |
| Shabrea Gulley | $20,833 |
| Olfe Logging, Inc. | $20,530 |
| Lee Doucet Insurance Agency, Inc. | $20,475 |
| Jerry's Body Shop, Inc. | $20,400 |
| Mac's Enterprises, LLC | $19,518 |
| Brenda Williams Incorporated | $19,226 |
| First United Methodist Church, Prescott | $16,440 |
| Fred's Diesel Repair, LLC | $16,270 |
| Mckenzie, Vasser, & Barber, PLLC | $16,000 |
| Consult-a-Technician Karen Ward, LLC | $15,380 |
| Larry Morton | $14,967 |
| Company-Am Enterprise, LLC | $14,350 |
| Sai Trust, LLC | $14,315 |
| Raymond Harper | $13,802 |
| Carlton Truck and Trailer, LLC | $13,110 |
| Wilson Farms | $12,590 |
| Prescott Country Club | $11,670 |
| Prescott Land and Timer Company, Inc. | $11,640 |
| Eli Ratcliff Insurance Agency, LLC | $9,685 |
| Walter J. Dennis | $7,900 |
| Ko-Fields, LLC | $7,220 |
| Shane Meador | $7,108 |
| Reader Industries, Incorporated | $4,900 |
| Ward Chapel Ame Church, Prescott | $4,600 |
| Mitch McKamie | $4,500 |
| Curry's Enterprises, LLC | $4,433 |
| Mckamie Timber, LLC | $3,300 |
| National Repot Depot | $2,815 |
| Clarence Gulley | $1,700 |
| Rena Brown | $1,110 |
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