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 28571
| Name of Borrower | Current Approved Amount |
|---|---|
| Fulcher's Point Pride Seafood, Inc. | $175,400 |
| Papa's Girl, LLC | $174,900 |
| Lady Deborah, LLC | $169,600 |
| River Dunes Harbor Associates, LLC | $157,197 |
| Deaton Yacht Services, Inc. | $156,400 |
| Village Health & Fitness, Inc. | $87,300 |
| M & M's in Oriental, LLC | $80,900 |
| Diamond Shoal Seafood, Inc. | $79,394 |
| M&J Marine, LLC | $73,750 |
| Carolina Atlantic Trawling, Inc. | $68,900 |
| Brantley's Village Restaurant, Inc. | $64,900 |
| Wards Waterproofing, Inc. | $62,500 |
| Trawler Christina Ann, Inc. | $61,800 |
| Trawler Lillie Belle, LLC | $56,400 |
| Atlantic Carolina Trawling, Inc. | $53,700 |
| Sherri L. Hicks P. A., D.V.M | $49,900 |
| Alston Spruill Farms, LLC | $47,508 |
| Chesapeake Atlantic Seafood Harvest, Inc. | $45,700 |
| Hope Clinic | $45,631 |
| Kennedy's Custom Cabinets and Doors, LLC | $41,500 |
| Renova Management Services, Inc. | $41,300 |
| Watermark Homes of North Carolina, LLC | $41,205 |
| Quality Marine Services, Inc. | $40,260 |
| Oriental Pintles and Gudgeons, LLC | $38,800 |
| JJ Hanson, LLC | $34,000 |
| Pamlico Sound Realty, Inc. | $32,000 |
| Triton Yacht Sales, Inc. | $30,800 |
| Atlantic Carolina Trawling, Inc. | $30,500 |
| Daniels Pizza, Inc. | $28,921 |
| Beth Frazer & Associates, Inc. | $26,881 |
| Seacoast Marine Electronics, Inc. | $26,700 |
| Shane Harris Construction, Inc. | $23,400 |
| Tidewater Real Estate, Inc. | $20,800 |
| The Masters, LLC | $17,900 |
| The Williams Rough Corporation | $17,840 |
| World Wide Marine Training, LLC | $17,100 |
| Titan Aquatic Chemicals, LLC | $15,900 |
| River Neuse Suites, LLC | $14,000 |
| Bow to Stern Yacht Services, Inc. | $13,600 |
| Corriher Retirement Planning, LLC | $13,600 |
| Powercraft Marine | $12,569 |
| Mariner Realty, Inc. | $12,370 |
| Lucy Athey | $9,000 |
| Jonathan's Automotive Repair | $8,161 |
| Kindle, Inc. | $7,900 |
| Deborah Rodenhouser | $7,748 |
| Waterdog Transport, LLC | $6,653 |
| JR Enterprises II, LLC | $6,300 |
| Carolina Interpreting Associates, Inc. | $6,200 |
| The New Village Brewery, LLC | $5,300 |
| St. Thomas Episcopal Church | $5,200 |
| Benjamin Wynne | $4,900 |
| Gary Dubiel | $4,600 |
| Robert Allen | $4,053 |
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