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 49670
| Name of Borrower | Current Approved Amount |
|---|---|
| Thomas and Milliken Millwork, Inc. | $236,930 |
| Parkside of Northport, LLC | $228,032 |
| Master Craft Extrusion Tools, Inc. | $139,870 |
| Sahs, Inc. | $115,000 |
| Number Five Bus, LLC | $37,500 |
| Cherry Home Orchards, LLC | $35,520 |
| Freshwater Market, LLC | $31,945 |
| Deeps Corner Store, Inc. | $27,800 |
| Trinity Church UCC | $22,500 |
| Steven Cuson | $20,825 |
| The Tribune | $20,268 |
| Sunrise Landing Motel | $20,025 |
| Lord & Lady Construction, LLC | $19,880 |
| Stray Code, LLC | $17,705 |
| Grand Traverse Lighthouse Museum | $15,500 |
| Reliable Hvac Solutions, LLC | $14,665 |
| Overlook Orchards, LLC | $13,629 |
| Acorn Financial Group, LLC | $13,542 |
| Grand Bay Promotion, LLC | $13,052 |
| Carl Young Electric, Inc. | $12,165 |
| Leelanau Township Community Foundation | $10,845 |
| Service Shop and Speed Company | $10,222 |
| Pennington Collection, LLC | $9,813 |
| Darin Irvine Custom Automotive Restoration, LLC | $9,558 |
| James J. Von Holt | $9,100 |
| Dan Devriendt Builder, LLC | $7,919 |
| Northport Community ARTS Center | $6,770 |
| Jacon Equipment Company | $6,250 |
| Leelanau Handyman Service, LLC | $6,033 |
| Cain Design & Construction, LLC | $5,415 |
| Northport Physical Therapy, LLC | $5,040 |
| Abundance Catering, LLC | $4,733 |
| Great Green Sources, LLC | $4,550 |
| Families First Monthly, LLC | $3,050 |
| Woodruff Designs | $1,052 |
Alerts Sign-up