The Paycheck Protection Program (PPP) provides loans to small businesses affected by the COVID-19 pandemic. Companies with less than 500 employees, sole-proprietorships, independent contractors or self-employed individuals may 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.
Top 100 largest PPP loans in 2020 in ZIP Code 27889
| Name of Borrower | Current Approved Amount |
|---|---|
| Executive Personnel Group, LLC | $3,189,500 |
| National Spinning Company, Inc. | $2,013,500 |
| River City Construction, Inc. | $1,614,600 |
| Wimco Corporation | $1,208,000 |
| Cleanaire, LLC | $851,200 |
| Carver Machine Works, Inc. | $602,498 |
| Ridgewood Healthcare, LLC | $583,573 |
| Triple C, Inc. | $553,800 |
| Pas USA, Inc. | $500,000 |
| PB&J Automotive, LLC | $487,500 |
| Lee Chevrolet, Inc. | $460,200 |
| Professional Staffing Solutions | $423,700 |
| Oak Ridge Industries, LLC | $414,800 |
| P&G Manufacturing of Washington, Inc. | $391,700 |
| Metropolitan Property Management, Inc. | $371,072 |
| Pamlico Yachtworks, LLC | $370,400 |
| Washington Pediatrics, PA | $301,069 |
| Pbla, Inc. | $275,739 |
| B. E. Singleton & Sons, Inc. | $272,800 |
| Sovereign Healthcare, LLC | $258,300 |
| Groen Enterprises, Inc. | $245,000 |
| East Coast Quality Foods, LLC | $242,300 |
| D. S. Swain Gas Company | $239,639 |
| Beaufort Equipment Company | $238,815 |
| Howdy, Jones, and Cochran, PA | $231,900 |
| Sesame Technologies, Inc. | $227,900 |
| Golden Way, Inc. | $218,377 |
| Manfred Duvall Alligood Jr. | $217,500 |
| Boss Hog Backyard BBQ, Inc. | $208,900 |
| The Mainstreet Collection, Inc. | $198,700 |
| Urgent Care Down East, Inc. | $198,050 |
| Evans Seafood Company, Inc. | $197,500 |
| Coca Cola Bottling Company of Washington NC, Inc. | $188,600 |
| Jacksonville Lodgings, LLC | $188,400 |
| Rodman, Holscher, Peck & Edwards PA | $179,200 |
| Intermarket Technology, Inc. | $175,900 |
| Down on Mainstreet, LLC | $172,569 |
| Baldwin Homes, Inc. | $171,835 |
| Hospital Pharmacy of Washington, Inc. | $169,332 |
| Poffenberger Animal Hospital, P. A. | $163,000 |
| DBBH Holdings, Inc. | $157,500 |
| First United Methodist Church | $148,900 |
| Paul Funeral Home, Inc. | $148,000 |
| Little's Heating & Air Conditioning, Inc. | $140,600 |
| Cordon & Company, LLC | $140,293 |
| King Chicken Drive INN, Inc. | $140,025 |
| Myers Trading Company, LLC | $139,800 |
| NCJ&a Enterprise, Inc. | $139,300 |
| Lj's Auto Body Shop, Inc. | $138,887 |
| East Coast Hospitaltiy, LLC | $137,982 |
| Caldwell Marine Designs, LLC | $135,867 |
| William Bragaw and Company | $132,552 |
| A. Mccray Jones III, P. A., D.D.S. | $130,200 |
| Carolina Catch, Inc. | $128,000 |
| HW Partners, Inc. | $127,700 |
| Morris Insurance Agency, Inc. | $127,416 |
| Kidkusion, Inc. | $125,200 |
| Pate's Food Group, LLC | $123,002 |
| Sunshine Hospitality, LLC | $118,500 |
| Mitchell Tractor & Equipment Company | $115,700 |
| Double a Hauling, Inc. | $114,600 |
| The Mafia, Inc. | $112,900 |
| Sun Coast Hospitality, LLC | $112,174 |
| Park Boat Company, Inc. | $111,223 |
| Seiler, Singleton & Associates, PA | $110,100 |
| Enrollmentfuel, LLC | $109,700 |
| Piston Ring and Machine Company, Inc. | $107,400 |
| Flatlands Insurance Group, Inc. | $105,200 |
| A & B Mechanical Service, Inc. | $101,300 |
| Flatlands Jessup Insurance Group, LLC | $99,200 |
| Edgewood Motors, Inc. | $97,798 |
| Marabella Pizza, Inc. | $94,780 |
| ALW Welding, Inc. | $93,747 |
| Wilson, Jones, & Griffin, PA | $93,100 |
| Pizza INN of Washington, Inc. | $91,500 |
| Fitness Unlimited of Beaufort County, Inc. | $90,700 |
| Pair Marine, Inc. | $90,300 |
| Momentum, LLC | $88,300 |
| Pacific Seacraft, LLC | $87,724 |
| Havelock Hospitality Group, LLC | $87,500 |
| Cox Builder's, Inc. | $85,563 |
| DR Kenneth P Manning SR PA | $83,400 |
| Alton Insurance Services, Inc. | $81,800 |
| Greenville Towing, Inc. | $81,000 |
| Southern Claims, Inc. | $80,200 |
| Goldsboro Hospitality, LLC | $78,200 |
| Industrial & Fire Safety Services, Inc. | $77,600 |
| Crisp RV Center, Inc. | $77,200 |
| Southport Hospitality, LLC | $75,936 |
| Riverside Grain Corporation | $75,700 |
| James Carnell Walker III PA, D.D.S. | $74,200 |
| Mazatlan, Inc. | $73,900 |
| Jeffrey L Rimley PA, D.D.S. | $72,200 |
| Woolard's Automotive, Inc. | $71,300 |
| Occupational Therapy Plus, Inc. | $70,600 |
| Vickie & Wayne, Inc. | $69,845 |
| Bradford Williams Jackson PA, D.D.S. | $69,800 |
| Laurinburg Hospitality, LLC | $69,800 |
| A New Adventure, LLC | $69,470 |
| Marks Termite & Pest Control, Inc. | $68,522 |
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