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 71957
| Name of Borrower | Current Approved Amount |
|---|---|
| Ozark Interests, Inc. | $1,650,800 |
| Mountain Lake, Inc. | $401,500 |
| Bob's Foodliner, Inc. | $153,900 |
| Point 28, LLC | $145,200 |
| Shangri-LA Resort, Inc. | $105,500 |
| S & P Insurance Partners, LLC | $99,900 |
| Camp Ozark Foundation | $77,300 |
| Pollock Holdings, Inc. | $69,100 |
| El Diamante Mexican Restaurant | $54,219 |
| Wegner Enterprises, Inc. | $53,748 |
| Harbor Ventures, LLC | $43,400 |
| Jones Backhoe and Dozer Services, Inc. | $41,300 |
| Ronnie L. Faulkner, PA, D.D.S. | $39,600 |
| T&L Management, Inc. | $37,600 |
| Gwinn's Boat Repair & Sales, Inc. | $37,200 |
| Mount Ida Machining, Inc. | $36,900 |
| Galen Burke Trucking, LLC | $33,100 |
| Mount Ida Abstract & Title Company, Inc. | $29,400 |
| Blue Chill Investments, LLC | $26,900 |
| Steve Irwin | $26,100 |
| Lake Ouachita Shores Resort, Inc. | $25,575 |
| Black Dog Designs, Inc. | $25,200 |
| Crystal City, Inc. | $25,000 |
| Bates Sales and Service, Inc. | $24,400 |
| Gerald Abernathy Backhoe & Dozer Service, Inc. | $24,054 |
| Dreamchaser Houseboat & Water Toy Rentals, Inc. | $23,700 |
| Mullenix Trucking, Inc. | $23,312 |
| Mount Ida Tire & Service Center, LLC | $20,700 |
| Recreational Management, Inc. | $20,600 |
| Dreamey, LLC | $20,190 |
| National Staffing Unlimited, Inc. | $19,400 |
| Kokamo's Parts & Service | $18,961 |
| Shack Attack Pizza | $17,608 |
| Shane Benton Construction, Inc. | $15,500 |
| ABC Ready Mix, Inc. | $15,284 |
| Russ Refrigeration Hvac, Inc. | $14,693 |
| Kevin Carmack M. Sr. | $9,959 |
| MT. Ida Dairyette, LLC | $9,900 |
| D Michael Deruyter Inc., D.D.S. | $9,600 |
| Joshua Varnedore | $7,772 |
| Hoffrogge Racing., Inc. | $7,500 |
| Davis Welding | $6,400 |
| Black Land Services, Inc. | $6,300 |
| El Gauche, Inc. | $6,000 |
| Testswitch, LLC | $5,300 |
| Miller Environmental, LLC | $5,100 |
| Ouachita Cleaning, LLC | $5,000 |
| Rick's Transmission Service | $4,300 |
| Chris Elder Auto Sales, Inc. | $4,300 |
| MW Plumbing, LLC | $3,700 |
| Heritage House Museum of Montgomery County, Inc. | $3,333 |
| Mount Ida Area Chamber of Commerce, Inc. | $3,100 |
| Angelworks, LLC | $3,006 |
| Melba Benefield | $2,750 |
| Sharon Carmack | $2,215 |
| Indulgence Salon & Spa | $1,857 |
| 326 Hall Consulting, Inc. | $1,500 |
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