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 28532
| Name of Borrower | Current Approved Amount |
|---|---|
| Tandemloc, Inc. | $821,700 |
| Luzadder Enterpries, Inc. | $367,600 |
| G & H Tire & Auto, Inc. | $259,100 |
| Cieszko Construction Company, Inc. | $217,300 |
| DT of Havelock, LLC | $200,400 |
| LA Casa Del Patron, Inc. | $176,330 |
| Annunciation Catholic School | $171,300 |
| East Coast Electric of Morehead City | $148,500 |
| Emergency Pet Hospital of Craven-Carteret, Inc. | $124,700 |
| Baldree's Tire of Havelock, Inc. | $123,000 |
| Rocco, Inc. | $103,446 |
| El Cerro Mexican Bar & Grill, Inc. | $95,300 |
| Havelock Animal Hospital, Inc. | $92,300 |
| Faught Services, Inc. | $91,400 |
| Musashi Japanese Steak and Seafood Restaurant of Havelock, I | $87,614 |
| Lacey L. Robinson P. A., D.D.S. | $85,500 |
| Bob Hill Enterprises, Inc. | $81,500 |
| William S. Harvey, III 7, PLLC D.D.S. | $81,200 |
| Banks Eye Care PLLC OD | $78,975 |
| C L Donut, LLC | $78,020 |
| Wells Wayside Furniture | $75,953 |
| Cook out-Havelock, Inc. | $74,750 |
| Elite Ac Solutions | $74,367 |
| Havelock Donut, LLC | $64,900 |
| MC Hooks JR, Inc. | $62,400 |
| Liberty Christian Church of Havelock, Inc. | $58,700 |
| H2 Associates of Havelock, LLC | $54,647 |
| Quicker Care Clinic PA | $54,100 |
| Amato Insurance Group, Inc. | $51,900 |
| Gerald L Coates JR PA, D.M.D. | $50,100 |
| Town & Country Rental and Management Agency of Havelock, Inc. | $49,200 |
| Kittrell Auto Parts of Havelock, Inc. | $47,200 |
| Stricklin Law Firm, P. A. | $46,900 |
| MSTS Coastal Div, LLC | $45,100 |
| Cherry Point Chiropractic & Rehabilitat | $43,800 |
| Morehead Donut, LLC | $43,200 |
| Bowden & Carr, Incorporated | $43,000 |
| A1 Marine and Diesel Service, Inc. | $39,600 |
| J Corwin Law Firm, PLLC | $36,900 |
| Shortway Brewing Company, LLC | $33,100 |
| Richards Sanitation, LLC | $32,600 |
| Awake Agency of Havelock, Inc. | $32,200 |
| E. T. 's Military Surplus | $31,575 |
| Nelson Commercial Contracting, Inc. | $31,300 |
| Rhonda Collins T/a Collins Cleaning Service | $29,510 |
| Ziggy's Cafe | $27,765 |
| Ramsons, Inc. | $27,500 |
| Embracing Differences, LLC | $26,803 |
| Havelock Development Corporation | $26,100 |
| Bobs Trading Post, Inc. | $25,700 |
| Kayley Neri | $25,100 |
| Kamu Corporation | $25,100 |
| First United Methodist Church | $24,700 |
| First United Methodist Preschool | $23,505 |
| Kidz Choice Learning Center, LLC | $23,300 |
| Light 'em Up', LLC | $23,100 |
| James Price | $22,800 |
| Casabona, Inc. | $22,600 |
| Annunciation Catholic Parish | $21,900 |
| Hairsthe Place, Inc. | $21,400 |
| ABC Signs and Graphics, LLC | $21,200 |
| Jessica L. Cassity | $20,833 |
| Nina A. Turner | $20,387 |
| Pack & Mail Plus, LLC | $20,332 |
| George Sudler | $20,187 |
| Guitars ETC, Inc. | $20,000 |
| Eastman Enterprises, Inc. | $19,300 |
| Platinum Hotel Management Group 4, LLC | $18,500 |
| Dada, LLC | $17,474 |
| NC AHN Corporation | $17,200 |
| LSG Enterprises, LLC | $16,350 |
| Cherry Point United Methodist Church | $16,331 |
| Boone's Truck Center, Inc. | $16,083 |
| Bokaninas, LLC | $15,756 |
| Bach Ventures, LLC | $14,773 |
| Stallings Bros Furniture, Inc. | $14,500 |
| Sin Sity, LLC | $14,491 |
| Meadows Auto Sales & Body Shop, Inc. | $14,491 |
| Fountain of Life Ministries | $12,900 |
| Joey Bayer Real Estate Services, Inc. | $12,811 |
| Integrity Bail Bonding Company, Inc. | $12,700 |
| Journey Church of Havelock | $12,500 |
| Craven Counseling Services | $11,637 |
| Havelock's Chimney & Venting, Inc. | $10,700 |
| Lee Nails | $10,232 |
| LWG Enterprises, LLC | $8,829 |
| Awe Outdoors, Inc. | $8,700 |
| Patriot Automotive Center, Inc. | $8,200 |
| Krunal Thakar | $7,899 |
| Miljenovich, Inc. | $7,600 |
| Redfern & Barnhill Attorneys | $5,911 |
| 4-Gopal, LLC | $5,601 |
| Lazy K Cartridge Company, LLC | $5,300 |
| Veterans Taxi Service | $5,114 |
| Stone by Design | $5,000 |
| The Center of the Performing ARTS | $5,000 |
| Cyntrise Watson | $4,993 |
| Salt Soothers NC, LLC | $4,700 |
| Kynu H. Nguyen | $4,447 |
| Fernando Verduzco | $4,406 |
| North Carolina Lead Products, Inc. | $4,200 |
| Hoang K. Nguyen | $2,524 |
| White's Taekwondo, Inc. | $2,400 |
| Dave Baumgardner's Community Auto Center, LLC | $1,800 |
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