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 72461
| Name of Borrower | Current Approved Amount |
|---|---|
| Top Line Fuel & Food, LLC | $286,400 |
| Glen Sain Motor Sales, Inc. | $253,500 |
| Graves Gin Corporation | $238,145 |
| Rector Downtown Drug, Inc. | $119,232 |
| Bryan Blackshare, D.D.S. | $118,200 |
| Wilson Industrial Services, Inc. | $101,500 |
| Mike Morgan Farms | $73,629 |
| Sonic Drive-in, Clay County, LLC | $52,100 |
| Greg Engle Farms | $49,995 |
| Jody & Heather Simmons Partnership | $39,112 |
| Irby Funeral Directors, Inc. | $27,400 |
| Branson Welding Shop | $26,114 |
| Kirklin Farms | $25,985 |
| Full Circle Media, LLC | $22,700 |
| Cotton 247 Farms | $20,985 |
| Varner Land Leveling | $20,833 |
| Darin Unruh | $20,800 |
| Robert B. Wesley | $20,800 |
| Windrend Woodard | $18,300 |
| B&Z Hoshotn Company | $16,400 |
| Jerry L. Boyd | $16,300 |
| Agent Design Consulting, LLC | $15,800 |
| Cagle & Cagle Farms | $15,530 |
| Danny Essman Farms, LLC | $15,106 |
| Countryboy Anesthesia, PLLC | $14,500 |
| Industrial Tool and Machine, Inc. | $14,086 |
| Terry Palmer Farm | $12,976 |
| Blue SKY Farms, Inc. | $11,007 |
| Edward Long | $10,945 |
| Wimberley Enterprises, LLC | $10,200 |
| Lance Koehn | $10,000 |
| Fifth & Pine Church of Christ | $9,733 |
| Chappell Express, LLC | $9,300 |
| Russ Brewer | $9,123 |
| Tyler Kirklin | $9,033 |
| James McKuin | $8,397 |
| Greg Land Company | $8,333 |
| Mel, Inc. | $8,333 |
| Darwin David Cagle | $8,268 |
| Travel Destinations | $6,870 |
| Westley Milburn | $6,661 |
| Danny Simpson | $6,500 |
| David Miller | $6,216 |
| William Hayes | $6,162 |
| Smith's Culvert & Pipe, LLC | $5,775 |
| Alan Milburn Farms | $5,462 |
| J and D Farms, Inc. | $3,043 |
| Ryland Johnson Racing | $2,900 |
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