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Wednesday, October 2, 2024

PPP loans: 19 loans in 2020 in ZIP Code 71861

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There were 19 PPP loans provided to small businesses in 2020 in ZIP Code 71861, according to the US Small Business Administration.

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 71861

Name of BorrowerCurrent Approved Amount
3-D Contracting Corporation$319,550
Springhill Land and Timber Company, L. C. C.$228,725
Edwards Trucking, LLC$87,135
Walsh Trucking, LLC$67,270
A Timber Services, LLC M.D.$56,565
Cranford Contracting, Inc.$51,930
Collier Woodshop, LLC$45,345
Hamlin Well Service, Inc.$43,873
Mac's General Contractors, Inc.$40,757
First Baptist Church of Taylor Arkansas$29,235
Beau Malone Trucking, LLC$25,316
Warlick Brothers, Inc.$23,938
Dorothy Elaine Pearson$13,208
Jimmy Toms$10,900
Chesshir Trucking, LLC$7,995
Southern Geodetic Land Surveyors, LLC$6,981
Jimmy's Detail and Body Shop$3,652
J. Toms Construction, LLC$2,767
Garrett Painting$1,241

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