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 49664
| Name of Borrower | Current Approved Amount |
|---|---|
| D. T. S. Holdings, Inc. | $357,100 |
| Maple Valley Nursing Home of Maple City, Inc. | $306,015 |
| True North Environmental Corporation | $210,581 |
| Binsfeld Engineering, Inc. | $198,624 |
| B & Z Well Drilling Company | $140,477 |
| Camp Leelanau and Kohahna FDN. | $124,220 |
| Aspen Wireless Technologies, Inc. | $102,789 |
| Blue Vase Books, LLC | $99,400 |
| Soufriere Dining, Inc. | $86,884 |
| Novak Masonry, Inc. | $72,820 |
| Reutter & Gersenson, LLC | $56,200 |
| Little Traverse INN, LLC | $55,092 |
| Fortified Coatings, LLC | $50,543 |
| Pegtown Station, Inc. | $35,127 |
| Finco Masonry, LLC | $24,718 |
| Stone Hollow Farm, LLC | $24,250 |
| Higher Standards Commercial Cleaning, Inc. | $23,298 |
| Koko Loco, LLC | $22,800 |
| Sleeping Bear Sound | $21,478 |
| Jackson Station Leelanau, LLC | $21,202 |
| JP Center for Plastic Surgery, PC | $20,832 |
| Peninsula Asset Management | $20,832 |
| Bay Wear of Suttons Bay, LLC | $20,000 |
| James Anderson Builders | $19,971 |
| Gala Construction Company, LLC | $19,390 |
| Upnorth Show Jumpers, LLC | $17,319 |
| Noonan and Sons, LLC | $15,000 |
| Everlasting Building & Design | $14,300 |
| Leelanau Automotive, LLC | $14,000 |
| Northern Spark Electric, LLC | $13,238 |
| Mark Fisher | $12,300 |
| Diamond Draft Systems, Inc. | $10,383 |
| Janaia Erickson | $10,000 |
| Laker Shakes, LLC | $9,300 |
| Guffey's Automotive Service, LLC | $8,178 |
| DW Project Development & Management, LLC | $7,300 |
| Preserve Historic Sleeping Bear | $6,665 |
| M37 Motors | $6,618 |
| Balance for Self Healing, LLC | $6,592 |
| Joanna Pepe, MA, PC, LLP | $5,200 |
| Howes Carpentry & Solar | $4,885 |
| Phillip Anderson | $4,862 |
| DDL Property Management, LLC | $1,964 |
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