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 49649
| Name of Borrower | Current Approved Amount |
|---|---|
| The Lighthouse Traverse City, LLC | $815,100 |
| C&T Management Services, LLC | $323,198 |
| Springfield, Inc. | $293,625 |
| Northland Food Center, Inc. | $282,437 |
| Kingsley Lumber and Hardware, LLC | $259,705 |
| Absolute Building Solutions, LLC | $121,960 |
| Hillcrest AFC, LLC | $110,550 |
| Pro Maintenance 4 Seasons, Inc. | $83,807 |
| Kingsley Tavern, LLC | $82,092 |
| 5 Star Directional Drilling Service, Inc. | $75,000 |
| Kingsley Physical Therapy, PLLC | $62,500 |
| Multi-Shores Development, LLC | $57,500 |
| Townline Family, PC | $52,158 |
| Bob Mitchell & Associates | $51,123 |
| St. Mary-Hannah Parish and School | $50,572 |
| Holli Care, LLC | $50,000 |
| MDS Automotive Repair and Service, Inc. | $41,600 |
| Burke Dental, PLLC | $40,300 |
| Kingsley Pharmacy and Compounding Center, Inc. | $37,800 |
| Boardman Valley Electric, LLC | $36,537 |
| Adcock Accounting, Inc. | $35,765 |
| Pennington Farm Drainage, LLC | $33,300 |
| Auto Glass America, Inc. | $30,500 |
| Northbound Construction Services, LLC | $29,800 |
| Cherrywood Village Farms, Inc. | $27,700 |
| Kingsley Pizza, LLC | $24,412 |
| JN Electrical Services, LLC | $22,904 |
| Azack Builders, Inc. | $20,500 |
| The Orchard Church | $19,190 |
| Gas N Shop, Inc. | $15,200 |
| Law Office of Michael Horowitz | $14,447 |
| John B. Harrison | $12,515 |
| Hlavka Heating & Cooling, LLC | $12,082 |
| Team Jo Services | $11,250 |
| Kingsley Baptist Church | $8,926 |
| Training by Brenden | $8,542 |
| Vip Entertainment | $7,089 |
| Jojapro, LLC | $6,490 |
| Oden & Janell Photography, LLC | $5,800 |
| Alliance for Senior Housing, LLC | $5,500 |
| Complete Accounting & Tax Services | $3,095 |
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