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 71958
| Name of Borrower | Current Approved Amount |
|---|---|
| Ward Shaving, LLC | $273,018 |
| Murfreesboro Rehab & Nursing, Inc. | $272,593 |
| Diamond City Trailer, Inc. | $169,058 |
| Peoples Pharmacy, Inc. | $104,394 |
| Tracy Watts | $78,706 |
| Darwin Turner Inc., D.D.S. | $70,374 |
| Ceba Gas, Inc. | $63,622 |
| Pawn Kings of Arkansas, Inc. | $58,431 |
| Al H. Terrell | $56,415 |
| Jackson and Terrell Tax Service, Inc. | $55,369 |
| First Christian Church | $51,430 |
| Chad Cox Logging | $51,302 |
| Caddo Trading Company, Inc. | $51,168 |
| Swaha Lodge, Inc. | $49,100 |
| Diamond State Insurance Agency, Inc. | $46,629 |
| Tracy Watts | $39,354 |
| Louella Terrell | $38,765 |
| Sweeden, Inc. | $36,504 |
| Castle Repair, LLC | $27,250 |
| Pike County Title, Inc. | $21,992 |
| Stephanie Jackson | $18,948 |
| Davis Truck and Auto Supply, Inc. | $18,534 |
| William C. Slatton | $15,134 |
| The Boro of Murfreesboro, LLC | $13,730 |
| First Baptist Church | $12,206 |
| Yellow Diamond INN, Inc. | $11,926 |
| Stephen Hoover | $9,570 |
| Diamonds Old West Hotel/cabins | $7,794 |
| Rollin W Farms, Inc. | $7,599 |
| Aaron Jackson | $6,919 |
| DK Hill Farms, Inc. | $5,000 |
| Jeff Jone Insurance, Inc. | $4,833 |
| Robin Renee Dildy | $4,721 |
| Action Fishing Trips, LLC | $4,200 |
| Nomad Trucking, LLC | $4,167 |
| Jennifer Smith | $3,985 |
| Brian Mitchell | $3,676 |
| Neil R. Parker | $3,624 |
| Collins Trucking | $3,530 |
| Carla S. Womack | $3,352 |
| Mrsmichalekiddiekorner Daycare | $3,000 |
| Robert Benight | $2,356 |
| Timothy D. Hughes | $1,856 |
| Harwell Electrical & Maintenance, LLC | $1,280 |
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