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 27944
| Name of Borrower | Current Approved Amount |
|---|---|
| Albemarle Electric Membership Corporation | $732,037 |
| Parkway Agent Supply, LLC | $398,200 |
| East Coast Steel Fabrication, Inc. | $376,100 |
| Albemarle Plantation Properties, Inc. | $324,000 |
| Coastal Carolina Family Practice PA | $265,762 |
| Stallings Farms Trucking, LLC | $259,592 |
| R & S Logging, Inc. | $252,136 |
| Karma Foods, LLC | $243,530 |
| Northeastern Veterinary Associates, PA | $229,460 |
| Whitehurst Sand Company | $177,300 |
| LCB Enterprises of Hertford, Inc. | $129,100 |
| Maintenance and Logistics Management Services, Inc. | $125,500 |
| Robert K. Lane, Inc. | $124,900 |
| Gregory & Associates Cpa's, PC | $118,000 |
| Eure Seed Farms, Inc. | $108,001 |
| Standard Plumbing Sewer and Drain, Inc. | $102,200 |
| Liquidnano, Inc. | $95,144 |
| Browns Land Developing, Inc. | $88,957 |
| Atlantic Diesel Service, Inc. | $76,700 |
| Stallings Farms Repairs | $72,400 |
| Brother's Pizza, Inc. | $69,600 |
| Johnie Gregory Truck Bodies, Inc. | $64,900 |
| Bembridge Insurance Agencies Melissa Pierce, Associate, Inc. | $62,042 |
| Power of Faith Youth Ministry, Inc. | $61,500 |
| Tim Corprew Trucking, Inc. | $58,600 |
| Eure & Sons Construction Company, Inc. | $58,500 |
| Jackson Wholesale Company, Inc. | $57,730 |
| Macon Turf Farm, Inc. | $57,500 |
| Woodards Pharmacy, Inc. | $53,000 |
| Yiping Fang PLLC D.D.S. | $52,900 |
| H M Recruiting Group | $50,300 |
| Express Linens, Inc. | $48,800 |
| Horton's Funeral Home & Cremation | $46,145 |
| J. A. Mickey Hooper Company, Inc. | $45,969 |
| Ward & Nixon, Inc. | $43,500 |
| Story's Seafood, LLC | $41,200 |
| Brown's Landscaping and Hauling of Hertford, Inc. | $40,400 |
| Umpco Technical Services | $40,000 |
| Triple M Transport, LLC | $39,527 |
| Chowan Baptist Association | $37,000 |
| Kendall Pierce | $31,506 |
| AP & Company, LLC | $30,888 |
| Hertford United Methodist Church | $30,200 |
| Bass Portable Toilets, LLC | $28,100 |
| TBS Farms, Inc. | $27,510 |
| Planters Ridge, Inc. | $27,500 |
| Miller & Van Essendelft Property Investments, LLC | $27,095 |
| Miller J.H. Land Surveying Jr. | $26,570 |
| Hurdle Farms, Inc. | $26,012 |
| David A. Sanders | $25,430 |
| Arrow Alignment & Repair Company | $25,100 |
| Ryhj Logistic, LLC | $25,000 |
| Therapy House, PLLC | $24,000 |
| Thick Neck Farms, LLC | $23,177 |
| Michael I. Moore | $20,833 |
| Traverse Freight, Inc. | $20,833 |
| Aaron Burke | $20,705 |
| Inteliport, Inc. | $19,900 |
| Baccus Seafood, Inc. | $19,858 |
| Mohr's, Inc. | $19,100 |
| Bert's Refrigeration | $18,800 |
| Godfrey & Sons Enterprises, Inc. | $18,585 |
| Waldimiro J. Sosa III | $15,835 |
| Top Notch Welding & Repair, Inc. | $15,200 |
| Environmental Siteworx, LLC | $15,063 |
| Timothy J. Corprew | $13,912 |
| All Aboard Services | $13,700 |
| 252 Grill | $13,500 |
| Nixon Family Farms, LLC | $9,370 |
| Yogan, LLC | $8,841 |
| Tarheel Fireplace & Grill Shop | $8,537 |
| Safe Food Instruction, LLC | $8,345 |
| Leonard Bissell | $7,500 |
| Nixons Solutions | $7,431 |
| Lillian Brothers Family Care Home, LLC | $7,300 |
| New Ming Hing Restaurant | $7,188 |
| Donald Riddick Builders, LLC | $6,167 |
| Perquimans County Chamber of Commerce Incorporated | $5,985 |
| Laurence W. Chappell | $5,950 |
| Hertford Bargains' END Auction House, Inc. | $5,500 |
| Connie D. Murden | $5,296 |
| Randy Baskin | $4,915 |
| The Cowart Company, LLC | $4,742 |
| Hertford Bay Taphouse, Inc. | $4,500 |
| Amy Tinsley | $4,259 |
| Susan Fox | $4,100 |
| Jeremy Baccus | $3,827 |
| Donald Tinsley | $3,600 |
| 4G3 Logistics | $3,600 |
| Lauras United Hair-Lines | $3,403 |
| Bdit, LLC | $3,305 |
| Schlep Trucking | $3,217 |
| Charles M. Banks | $2,869 |
| A&A Insurance, LLC | $2,477 |
| Truss Equipment Consulting Company | $2,250 |
| Perquimans ARTS League, Inc. | $2,200 |
| Marty R. Hurdle | $2,165 |
| Jessica Chappell | $2,137 |
| Sarah M. Weeks | $2,100 |
| Joe Elliott Enterprises, LLC | $1,937 |
| Michael W. Hurdle Jr. | $1,812 |
| Thomas Erie Haste | $1,400 |
| Rebecca Davenport | $1,339 |
| Lisa Higgins | $1,326 |
| Mobile Parts Sales, LLC | $356 |
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