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Wednesday, December 4, 2024

2020: 19 PPP loans provided to small businesses in ZIP Code 28515

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There were 19 PPP loans provided to small businesses in 2020 in ZIP Code 28515, according to the US Small Business Administration.

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 28515

Name of BorrowerCurrent Approved Amount
Willis Electric Comp$266,886
Eastern Propane, Inc.$200,700
Pamlico County Rescue Squad, Inc.$151,500
Rose and Rose, PA, D.D.S.$131,300
Eastrans, Inc.$94,800
Brinson, Inc.$83,900
Forrest Farm Supply, Inc.$82,400
Family First Pharmacy, Inc.$76,700
Delamar & Delamar Attorneys at Law, PLLC$58,300
Sevenski Trucking, Inc.$55,200
Hardison Plumbing & Land Development, LLC$49,690
Turnage Construction & Trucking, Inc.$42,632
Pamlico Partnership for Children, Inc.$35,700
Potter's Auto & Marine, Inc.$30,261
Kisha Tutt$20,833
Nylaa Tutt$20,833
Michael Mayo$20,800
Michael Sawyer$20,800
Steven E Lacy Attorney at Law$11,724

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