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 28560
| Name of Borrower | Current Approved Amount |
|---|---|
| Hatteras Cabo Yachts, LLC | $4,536,500 |
| PMC of North Carolina, LLC | $1,575,400 |
| Craig, Inc. | $950,000 |
| Trent Cadillac Buick GMC, Inc. | $931,900 |
| Riverside Automotive, LLC | $814,300 |
| American Pure Whey | $759,205 |
| Dermatology Associates of Coastal Carolina | $670,000 |
| William Purcell | $596,600 |
| Crystal Coast Pain Management | $517,400 |
| APW Technology | $497,700 |
| American Pure Whey | $479,057 |
| American Pure Whey | $478,680 |
| Innovative Laminations Company, Inc. | $465,245 |
| Sumrell Sugg, P. A. | $451,200 |
| Coastal Surgical Specialists | $451,200 |
| Trent Foods, Inc. | $431,100 |
| Eastern Carolina Nissan, Inc. | $398,600 |
| Eastern Carolina Young Men's Christian Association, Inc. | $392,100 |
| Kellum Law Firm PA | $371,500 |
| KMNB, Inc. | $360,597 |
| APW Technology, LLC | $351,900 |
| Stubbs & Perdue P. A. | $348,600 |
| Harris Creech Ward & Blackerby PA | $347,700 |
| Technical Control Consultants, LLC | $344,800 |
| US Trade and Exchange, LLC | $317,200 |
| Scott Plumbing & Heating Company, Inc. | $277,100 |
| Najuda P. A. | $271,400 |
| Last Chance NC, LLC | $249,000 |
| Hyundai of New Bern, LLC | $247,538 |
| Premier Operating Croatan, LLC | $240,200 |
| Temple Baptist Church of New Bern, Inc. | $237,400 |
| Simmons Restaurant Group, LLC | $231,548 |
| Coastal Diesel Service, Inc. | $230,900 |
| Craven Physical Therapy & Spine | $219,600 |
| Famous Subs & Pizza of New Bern, Inc. | $219,000 |
| Persimmon Restaurant, LLC | $217,700 |
| Fulcher Trawling, LLC | $207,059 |
| Airtech Mechanical Services, Inc. | $204,300 |
| Salem, Smith, Register & Knott, PLLC | $197,000 |
| Twin River Foods, LLC | $196,271 |
| Cowell's Cleaners, Inc. | $192,200 |
| The Chelsea Restaurant, Inc. | $190,200 |
| Bakers Kitchen, LLC | $187,400 |
| New Life Free Will Baptist Church of New Bern, Inc. | $181,700 |
| Dicktel, Inc. | $177,432 |
| Caraway Logging, Inc. | $176,750 |
| Greene, Wilson & Crow P. A. | $174,500 |
| Aftermarket Parts, Inc. | $173,780 |
| Mackilwean Turf Farm, Inc. | $173,700 |
| Trawler Carolina Lady, Inc. | $169,975 |
| The Flame, Ltd. | $169,201 |
| American Eagle Manufacturing | $165,600 |
| Lechris Health Systems of New Bern, Inc. | $162,030 |
| The Law Offices of Oliver & Cheek, PLLC | $161,200 |
| Hunt Imaging, Inc. | $161,200 |
| Gillespie & Murphy PA | $160,400 |
| Legacy Trawling, Inc. | $157,287 |
| Joshua. Chitalo. | $157,201 |
| The Zannis Center for Plastic Surgery, P. A. | $154,095 |
| Prohibition Drinks and Desserts, Inc. | $146,405 |
| Chesnutt & Clemmons P. A. | $146,300 |
| Resort Management Group, LLC | $146,300 |
| Damco, Inc. | $145,500 |
| Bad Boy Foods | $142,600 |
| Trawler Capt. Fud, LLC | $135,734 |
| Trawler Jonathan Ryan, Inc. | $135,295 |
| Carolina Craniospinal Neurosurgery, PLLC | $132,352 |
| First Presbyterian Church of New Bern North Carolina | $132,000 |
| R E Bengel Sheet Metal Company, Inc. | $124,360 |
| John Edwards R. Jr. | $118,200 |
| Walker Contractors of Craven Incorporated | $116,200 |
| Tabernacle Baptist Church of New Bern | $114,600 |
| Precision Moulding & Woodworks, Inc. | $114,000 |
| Liftavator, Inc. | $111,900 |
| Encee Chemical Sales, Inc. | $106,463 |
| Bay River Logger, LLC | $105,284 |
| The Gartner Marine Group, Inc. | $103,600 |
| Advanced Water Systems of Eastern Regions, LLC | $102,700 |
| Hudson Pope, PLLC | $102,300 |
| Capt. Gaston, LLC | $99,458 |
| Phillip Dunn Logging Company | $99,200 |
| Without Limits Christian Center, Inc. | $96,400 |
| William L. Hand, III, P. A., D.D.S. | $94,600 |
| Ka Management, Inc. | $93,200 |
| Harley Davidson of New Bern | $91,700 |
| MBF Architects, PA | $91,200 |
| Ward Smith and Norris PA | $86,800 |
| Coastal Women's Shelter, Inc. | $84,400 |
| Michael a Rogers CPA PA | $81,473 |
| Twin Rivers Opportunities, Inc. | $80,827 |
| Animal Hospital of New Bern, PLLC | $77,682 |
| Debra Gong Choe PLLC D.D.S. | $77,300 |
| First Baptist Church of New Bern, Inc. | $74,797 |
| Riverside Hospitality, Inc. | $73,900 |
| Charles Schein, PLLC D.D.S. | $73,600 |
| Narat Nga | $73,459 |
| Hardy Construction, Inc. | $73,123 |
| Lynaire Kennels & Crematory, Inc. | $73,087 |
| Peacock Law, PA | $72,500 |
| Business Communication Systems of NC, Inc. | $69,370 |
| Bannister, Inc. | $68,228 |
| Cornerstone Assembly of God, Inc. | $68,221 |
| New Bern Gymnastics, Inc. | $68,100 |
| Merci Clinic, Inc. | $67,300 |
| Buck Logging Company | $66,738 |
| Heavy Duty Truck and Diesel Repair | $66,075 |
| Robert Chiles | $65,600 |
| Jameison Enterprises, LLC | $65,200 |
| Custom Yacht Interiors & Design, Inc. | $65,100 |
| Neuse Power Mowers, Inc. | $62,345 |
| Hardison & Hardison PA | $62,100 |
| Askew's Hardware, Inc. | $61,900 |
| Sawyer Auto Paint Supply, Inc. | $61,900 |
| Moeller, PA | $60,400 |
| Trawler Jonathan Ryan Company, LLC | $60,276 |
| Kamm Corporation | $59,200 |
| Zaytoun & Raines Construction Company, Inc. | $59,200 |
| Stone of New Bern, Inc. | $59,000 |
| RHBH, Inc. | $58,000 |
| Big Rock Powersports | $57,626 |
| Local Builders | $57,400 |
| Double J, Inc. | $56,150 |
| Guestbook Hospitality, Inc. | $55,800 |
| Coles Chiropractic Center, PLLC | $54,787 |
| Trawler Capt Ryan Company, Inc. | $54,600 |
| Religious Community Services of New Bern, Inc. | $54,200 |
| Magnolia Jane Salon, LLC | $52,871 |
| Southern Architectural Hardware, Inc. | $52,600 |
| Resort Facility Services, LLC | $52,300 |
| True Justice International | $52,275 |
| Creekraft Cultured Marble Products, Inc. | $51,962 |
| Powells Concrete Finishing, Inc. | $51,900 |
| The Mulligan Group, Inc. | $51,508 |
| Sanuki Japanese Steak and Seafood Restaurant of New Bern, Inc. | $51,110 |
| H Reid Hart, D.D.S. | $50,800 |
| Dunn Trucking Company of Craven County, Inc. | $49,200 |
| Home Inspection Services of New Bern, Inc. | $48,280 |
| Arnold Automotive, Inc. | $47,905 |
| Dayspring Ministries of New Bern, Inc. | $47,100 |
| Craven Tire, Inc. | $46,300 |
| Apple Tree NC, Inc. | $46,200 |
| Carolina Diabetic Supply Group, Inc. | $45,500 |
| Bynums Drug Store, Inc. | $45,300 |
| R H Mac, Inc. | $45,200 |
| Gaston Concrete Construction, Inc. | $42,400 |
| Mitchell Movers, LLC | $41,900 |
| One World Company, LLC | $41,200 |
| Buck Timber Company, Inc. | $40,910 |
| Superior Land and Timber Corporation | $40,600 |
| Beartown Bistro & Pizza Company, LLC | $40,225 |
| The Radio Werks, LLC | $39,500 |
| Preston Life, Inc. | $39,083 |
| Carolina East Realty, LLC | $38,800 |
| CTC Media Group., Inc. | $38,414 |
| Milberry, LLC | $38,100 |
| Thomas M Gingrich Insurance Agency, LLC | $37,600 |
| Trawler Catherine Lane, Inc. | $36,166 |
| Anderter, Inc. | $36,000 |
| W & J Coombs and Sons, Inc. | $35,900 |
| Coastal Dragline Service, Inc. | $34,400 |
| Two Rivers Church of Christ | $34,254 |
| Zaytoun Raines Real Estate, Inc. | $34,000 |
| M. E. Maher Construction, Inc. | $33,600 |
| Kausar-Sara, Inc. | $33,317 |
| Amy D James, Psyd, PLLC | $33,296 |
| United Way of Coastal Carolina, Inc. | $33,000 |
| East 70 Pawn, Inc. | $31,600 |
| Focus Therapy Services, Inc. | $31,555 |
| Thomas & Howard Company of New Bern, Inc. | $31,400 |
| Bay Leaf Enterprises, Inc. | $29,693 |
| Right Brothers Heating and Air | $29,092 |
| Appliance Technician, Inc. | $28,600 |
| Climate Master of New Bern, LLC | $28,300 |
| Teland, Inc. | $26,568 |
| RJD Enterprises | $25,000 |
| Legacy Plumbing and Drain Cleaning | $24,594 |
| Aegean Regenerative Medicine, PLLC | $23,500 |
| UHF Development Group, LLC | $23,465 |
| Craven ARTS Council & Gallery, Inc. | $23,400 |
| Morus Corporation | $23,281 |
| DCT Construction | $22,800 |
| Kriebel & Associates, PA | $22,625 |
| Swiss Bear, Inc. | $22,500 |
| Sweet Miracle, LLC | $22,400 |
| KGLL, LLC | $21,400 |
| Bella's Cafe & Catering, LLC | $21,300 |
| Neuse Realty, Inc. | $21,076 |
| Kayla Naylor | $20,833 |
| Chris Jarman Insurance Services | $20,833 |
| Ernest Sampson | $20,833 |
| Hatters Home Improvement, LLC | $20,833 |
| Tommy Hardy Insurance Services, Inc. | $20,832 |
| Chris Register Insurance Services, Inc. | $20,832 |
| Kimberly D. Wynn | $20,800 |
| Greg Bernhardt Insurance Services, LLC | $20,800 |
| Coastal Sole, LLC | $20,700 |
| Cleaning by Kate, LLC | $20,300 |
| TCG Company, Inc. | $20,132 |
| West New Bern Presbyterian Church | $19,823 |
| ITG Global, LLC | $19,613 |
| Shiwa, Inc. | $19,000 |
| Sheila Batten | $18,890 |
| Pics for Real Estate, LLC | $18,750 |
| S&W Gutters and Construction, LLC | $18,700 |
| Kelly Fiume | $18,402 |
| Broad Street Christian Church | $18,200 |
| Custom Canvas, Inc. | $18,107 |
| Godwin's Heating & Air, LLC | $17,900 |
| Mcgowan's Service Center | $17,835 |
| The Natural Stone Yard, LLC | $17,100 |
| Advanced Flooring Concepts, Inc. | $17,000 |
| Labs, Inc. | $17,000 |
| Dominion Earthworx, LLC | $16,924 |
| Augustson Insurance Agency, Inc. | $16,300 |
| LTT Security | $16,042 |
| Jack R. Quidley Sp Jr. | $15,800 |
| Shiv-Shakti of New Bern, Inc. | $15,700 |
| Sewing on the River, Inc. | $15,700 |
| Solid Rock Accounting Services | $15,500 |
| Absolute Alpha Capital Management, LLC | $15,465 |
| Riverfront Sports and Entertainment | $15,379 |
| M a Industries, Inc. | $15,300 |
| New Bern Rentals, LLC | $15,300 |
| J E Dillahunt & Associates | $15,200 |
| Kelly Latimer Homes, Inc. | $15,073 |
| Registers Glass Shop, Inc. | $14,800 |
| Renew Homes, LLC | $14,800 |
| Word of God Christian Center | $14,800 |
| The United Worship Center Church of New Bern, Inc. | $14,742 |
| J&J Enterprises | $14,583 |
| Riverfront Builders, LLC | $14,500 |
| Double M Transport of NC, Inc. | $14,087 |
| Virginia Spencer, Inc. | $14,042 |
| 70 East Foreign Auto Service, Inc. | $13,720 |
| Geoff McLawhorn | $13,697 |
| Tyisha Brown | $12,543 |
| New Bern Civic Theatre, Inc. | $12,200 |
| Brutopia, LLC | $12,200 |
| James C Mcguire | $12,130 |
| Betsy K. Van Benthuysen, PLLC D.M.D. | $12,100 |
| Carolina Concrete and Brick, LLC | $12,000 |
| Margaret G. Bartlett | $11,800 |
| James R. Sellers | $11,500 |
| Living Well Down East, LLC | $10,800 |
| The Washing Bear, LLC | $10,700 |
| Bridget Ipock, Inc. | $10,000 |
| C J and Sons Towing Service | $9,731 |
| Computer Services, LLC | $9,400 |
| Reviving Lives Ministries, Inc. | $9,398 |
| 3 C's Cox Childcare Centre | $8,796 |
| Bear City Impact, LLC | $8,313 |
| Sandman Trucking | $8,125 |
| Chuck Warren Heat & Air Conditioning, LLC | $8,000 |
| Rivertowne Rentals, LLC | $7,800 |
| Rak Sales, Inc. | $7,500 |
| Springtide Hormone Replacement, LLC | $7,400 |
| Coastal Carolina Speech Therapy, Inc. | $7,400 |
| Thea's Ideas, Inc. | $7,300 |
| Steven D. Wynn | $7,300 |
| Prestige Hand Carwash | $6,999 |
| The Church at New Bern, Inc. | $6,980 |
| Carolina Dance Alliance, LLC | $6,600 |
| Lizbeth Holt | $6,600 |
| Dardi Jarman Insurance Agency, Inc. | $6,400 |
| Nordic Cryo Spa, LLC | $6,385 |
| Salon 252 | $6,304 |
| East Carolina Automotive, Inc. | $6,300 |
| Elizabeth Plummer | $6,300 |
| Riverside United Methodist Church | $6,200 |
| New Bern Tours and Convention Services, Inc. | $5,661 |
| Perfect Touch Tile and Grout | $5,606 |
| C. R. Francis / Architecture, P. A. | $5,500 |
| Breanna Romans | $5,500 |
| Anya's Alterations, LLC | $5,419 |
| Michelle Salsman Photography | $5,359 |
| Battleground Antiques, Inc. | $5,207 |
| Peter Frey | $5,200 |
| Boyd's Hairstyling | $5,020 |
| Walker Thomson & Associates, Inc. | $5,000 |
| Karla Grogan Insurance Company, Inc. | $5,000 |
| AB1 Custom Cleaning Service | $4,900 |
| Hair by Kailyn Wall | $4,635 |
| Ruths Chapel Original Free Will | $4,627 |
| Rivertowne Ballroom, LLC | $4,452 |
| Tracey Dail | $4,351 |
| JK Rayner III, Inc. | $4,200 |
| Rayco Heating&cooling, LLC | $4,042 |
| The Law Offices of Christopher B Venters, PLLC | $3,819 |
| TW Restoration and Collision, Inc. | $3,800 |
| YLR Premiere Events, LLC | $3,715 |
| AMR Legcy, Inc. | $3,542 |
| Bolt Homes, LLC | $3,481 |
| Future Assets, Inc. | $3,200 |
| New Bern Healing ARTS, LLC | $2,832 |
| The Sum of Its Parts Designs | $2,238 |
| Wiley Trucking, LLC | $2,095 |
| Brittany Taylor | $2,086 |
| Mikecrojobs | $1,700 |
| Steve Amos | $1,697 |
| Mark Schomaker | $1,637 |
| Wade Plummer | $1,500 |
| Crystal Collins | $1,000 |
| Muddy Moose Pottery, LLC | $600 |
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