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 72454
| Name of Borrower | Current Approved Amount |
|---|---|
| Piggott Community Hospital | $2,380,867 |
| General Baptist Nursing Home of Piggott | $256,448 |
| General Baptist Nursing Home Board, Inc. | $252,710 |
| Scott Partnership | $107,836 |
| Clay County Abstract & Title Insurance | $95,500 |
| Rainbow Land Leveling & Surveying, LLC | $92,000 |
| Master Marketing | $84,900 |
| General Baptist Assisted Living Facility | $82,305 |
| Piggott Pharmacy, LLC | $77,058 |
| WB Russell Transportation, LLC | $75,700 |
| SDI of Piggott, Inc. | $70,700 |
| Mcdougal Farms, GP | $66,885 |
| D & G Plumbing & Heating, Inc. | $65,882 |
| Mann Land Leveling, LLC | $63,000 |
| Jones and Sons Landleveling, LLC | $62,800 |
| Mckenney Pharmacy, LLC | $61,200 |
| Hoggard and Sons Enterprises, Inc. | $47,147 |
| Pumpkin Hollow, LLC | $44,200 |
| Williams Farm and Leveling, LLC | $42,500 |
| Burns Floor Covering | $40,339 |
| Ricky G. Jones | $40,257 |
| WB Russell Farms, LLC | $35,200 |
| Cox Planning Mill & Lumber., Inc. | $34,200 |
| Progressive Eye Center of Piggott, LLC | $33,615 |
| Henderson Farms | $33,150 |
| Los Compadres, LLC | $30,400 |
| Duckworth Land Leveling | $27,595 |
| Brady L Allmon, D.D.S. | $27,500 |
| David Gregory Insurance | $25,268 |
| Anders Pipe & Ditching, Inc. | $24,400 |
| Buchanan Food Service, LLC | $22,500 |
| Clay County Recreational Association | $21,532 |
| J & J Furniture, Inc. | $21,200 |
| Langley Partnership | $20,875 |
| Mary Suzan Morris | $20,800 |
| Piggott Realty, Inc. | $18,181 |
| First Baptist Church | $17,200 |
| Redmon Monuments and Signs | $16,706 |
| KLW Enterprises, Inc. | $16,600 |
| Jennifer Lawton | $14,700 |
| Doyle Dollins | $13,645 |
| Phillip Neal Daffron | $12,800 |
| DBA Fred ORT Agency | $12,652 |
| Kristin Crittenden Lcsw | $12,500 |
| Hester Trucking, LLC | $12,500 |
| Jennings Ray Haywood | $11,900 |
| Ricky A. Vaughn | $11,700 |
| Karl and Matilda Pfeiffer Foundation | $11,353 |
| Craig Dollins | $11,260 |
| Charles Richardson | $11,243 |
| Kyle Cox Farms | $11,092 |
| Patco Farms, LLC | $10,900 |
| Piggott Florist | $10,847 |
| Kristen Scott | $10,574 |
| Brian K. Snyder | $10,100 |
| Cole/piggott Development, LLC | $9,656 |
| Cole Property Development, Inc. | $9,630 |
| Billy Jackson | $9,383 |
| MacKs Diesel | $9,000 |
| Betty J. Brinkley | $8,333 |
| Custom Car Care & Auto Sales | $8,125 |
| Garrett Mckenney Construction | $8,065 |
| Piggott Cemetery Association | $7,989 |
| Wendell Scott Crossfield | $7,800 |
| Michael Lindsey | $6,926 |
| Vance Turner | $6,800 |
| Mcelvoy Floor Service | $6,200 |
| Stephen Lee Vanderpool | $5,800 |
| Troy Douglas Crawford | $5,800 |
| Kirby B. Johnson | $5,785 |
| Hobbs Siding & Windows, LLC | $5,700 |
| The Treasure Chest | $5,494 |
| Fred ORT Insurance & Real Estate | $5,490 |
| Fallon Russell | $5,417 |
| Ezequiel Calderon | $4,949 |
| Bryan Dollins | $4,865 |
| Clint Aaron Bellers | $4,800 |
| Rodney Crossfield | $4,281 |
| Tambra's Pooch Parlor | $3,131 |
| Everett Trucking | $3,047 |
| Exteriors Plus | $2,841 |
| Renee's Touch of Class | $2,823 |
| Patricia Carol Ezell | $2,800 |
| Patterson Farms, LLC | $2,000 |
| Piggott Taxidermy | $1,748 |
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