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 27962
| Name of Borrower | Current Approved Amount |
|---|---|
| H&L Logging | $367,400 |
| Edsel G Barnes, Inc. | $321,122 |
| Feyer Ford, Inc. | $318,700 |
| Roanoke Developmental Center, Inc. | $193,700 |
| East Carolina Supply Company, Inc. | $172,714 |
| A Plus Results Independent Living, Inc. | $168,140 |
| Diversified Wood Products, Inc. | $163,327 |
| Riddick Repair Service, Inc. | $159,465 |
| General Maintenance, Inc. | $150,000 |
| Sadler Landscaping, LLC | $147,999 |
| Pettigrew Regional Library | $142,562 |
| Barnes Logging Company, Inc. | $102,005 |
| GW & Sons, Inc. | $100,814 |
| Womble Drug Company, Inc. | $95,100 |
| Carolina Mat Incorporated | $84,297 |
| Sentry Extermininating Company, Inc. | $71,555 |
| Terry E Thompson PA | $65,358 |
| Cross Coalition, Ltd. | $40,967 |
| Cross Trail Outfitters of North Carolina, Inc. | $39,692 |
| Krina, Inc. | $33,664 |
| Plymouth Church of Christ, Inc. | $32,000 |
| The Law Office of D Cole Phelps, PLLC | $30,000 |
| Manning & Carson Farms, LLC | $28,400 |
| J&J Brake & Exhaust and Wrecker Service, Inc. | $28,117 |
| Davenport, Inc. | $27,655 |
| Baker-Allen Building Supply, Inc. | $25,279 |
| Kingdom Kids Christian Childcare Center, Inc. | $24,600 |
| Plymouth Subway, LLC | $23,075 |
| Maypo Media, LLC | $22,475 |
| Gregory A. Foster | $20,833 |
| Big AL's Garage | $20,362 |
| Tristan Spencer | $19,891 |
| Pentecostal Temple Church of God in Christ, Incorporated | $19,767 |
| GBN Trucking, LLC | $17,800 |
| Futrell's Plumbing | $17,767 |
| Albax, LLC | $16,637 |
| Golf Road Convenience Store | $16,505 |
| Ivy Garden Designs by Donna | $16,074 |
| Dutchman Hauling, Inc. | $16,012 |
| William R. Sexton Jr. | $15,915 |
| The Lamb Shoppes, Inc. | $15,514 |
| Mcnair Oil Company of Plymouth, Inc. | $15,067 |
| Riverside Insurance Agency, LLC | $14,980 |
| Allen Accounting & Taxes, Inc. | $12,942 |
| NGJ Hospitality, LLC | $12,600 |
| C & C Industries, LLC | $11,852 |
| Askew Brothers | $11,744 |
| Brandis Diner, LLC | $11,334 |
| H & L Family, LLC | $11,250 |
| The Country Club of Plymouth, Inc. | $10,359 |
| Askew Trucking, Inc. | $9,290 |
| Billy R Jackson Trucking, Inc. | $8,765 |
| Plymouth United Methodist Church | $8,204 |
| Askew's Farm, Inc. | $7,385 |
| Washington County Historical Society, Inc. | $6,585 |
| J&T Service Center, Inc. | $5,962 |
| Firm Foundation Homes, Inc. | $5,200 |
| Frank Copeland | $3,750 |
| Grace Episcopal Church | $3,000 |
| Stellas Cafe of Plymouth | $2,768 |
| Whites Trucking | $2,502 |
| Od's Beauty Salon | $1,920 |
| Harris Accounting | $697 |
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