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 49653
| Name of Borrower | Current Approved Amount |
|---|---|
| St. Mary's Church | $251,949 |
| Leelanau Enterprise, LLC | $156,120 |
| S P Grossnickle, LLC | $111,777 |
| Big Paw Vineyard Services | $106,798 |
| Leelanau Montessori Public School Academy | $102,854 |
| Northern Latitudes Distillery, LLC | $102,300 |
| Lisa H Siddall, PC, D.D.S. | $100,500 |
| Lake Leelanau RV Park, LLC | $95,051 |
| Harbor Hill Fruit Farms, Inc. | $87,604 |
| Dick's Pour House | $84,620 |
| Fischer's Happy Hour, Inc. | $81,743 |
| Aurora Cellars 2015, LLC | $73,100 |
| Fountain Point, Inc. | $72,251 |
| Priya Star | $69,304 |
| Plamondon Oil Company, Inc. | $68,212 |
| Blustone Partners, LLC | $47,037 |
| Solutions for YOU, LLC | $45,600 |
| Julius Bunek Plumbing Heating & Electrical, LLC | $44,085 |
| Community Chiropractic Health Center, P.C. | $42,464 |
| Sharecare of Leelanau, Inc. | $37,153 |
| S. D Stowe Enterprises Buneks Hardware, LLC | $33,811 |
| Galiant Solutions, Inc. | $30,500 |
| Bardenhagen Construction | $30,080 |
| Graham Builders, LLC | $26,832 |
| Hygge Supply, Inc. | $26,600 |
| Landrus, LLC | $25,000 |
| Jerome J. Harrison, P. C., DVM | $24,500 |
| Compliance Lounge, LLC | $20,833 |
| Judith Levin | $20,460 |
| Dynamics Focus, LLC | $18,722 |
| Don Szilagyi | $15,030 |
| Bogart Family Chiropractic, PC | $14,941 |
| CK Consulting, LLC | $14,000 |
| Stanton Family Orchards, LLC | $13,602 |
| Narrows Yacht Club, LLC | $12,310 |
| Amoritas Holdings, LLC | $9,400 |
| Cab Cellars, LLC | $9,000 |
| Theron Michael Stone | $8,741 |
| Leelanau Plumbing, Inc. | $8,000 |
| Phillip Thies | $6,250 |
| Popp Masonry, Inc. | $5,625 |
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