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 49696
| Name of Borrower | Current Approved Amount |
|---|---|
| Bill Marsh Automotive Group, Inc. | $3,501,665 |
| Great Lakes Mechanical Systems, Inc. | $1,231,512 |
| Northwestern Michigan Emergency Physicians, PC | $709,200 |
| Traverse City Products, Inc. | $609,702 |
| Grand Traverse Construction, LLC | $522,585 |
| G. Zreliak, LLC | $467,820 |
| Temperature Control, Inc. | $428,918 |
| Stanley Steemer of Northwest Michigan, Inc. | $382,500 |
| Te Technology, Inc. | $341,091 |
| Traverse City Christian School Association | $262,643 |
| Bay Area Contracting, Inc. | $261,490 |
| Baygeo, Inc. | $238,503 |
| Austin Supply, Inc. | $234,997 |
| Midwest Air Products Company, Inc. | $223,100 |
| Jordan Exploration Company, LLC | $209,603 |
| National Piling Products, Inc. | $203,217 |
| Amo, Inc. | $202,946 |
| Keith Mccardel MC, Inc. | $180,545 |
| Old Mission Enterprises, Inc. | $175,900 |
| Tile Craft, Inc. | $141,187 |
| Shady Lane Partners, LLC | $125,000 |
| Carpet Galleria, Ltd. | $122,760 |
| Laser Printer Technologies, Inc. | $110,379 |
| Britten Metalworks, LLC | $110,300 |
| Traverse Bay Children's Advocacy Center, Inc. | $106,617 |
| Thomas Company, Inc. | $105,697 |
| Traverse Area Machining, Inc. | $105,525 |
| Jantec Incorporated | $100,000 |
| Photodon, LLC | $98,898 |
| Rico's Cafe & Pizzeria, Inc. | $95,376 |
| Grand Traverse Mobile Communications, Inc. | $92,780 |
| Cherryland Humane Society | $68,228 |
| Brydomitch, Inc. | $66,600 |
| House of Auth, LLC | $63,055 |
| Ferguson & Lawshe, LLC | $62,290 |
| Involved Citizens Enterprises, Inc. | $58,200 |
| Down to Earth Outdoor Services, LLC | $54,815 |
| Brother's Tree Service | $54,227 |
| Machin Engineering, Inc. | $50,000 |
| Inception Woodworks, LLC | $49,600 |
| Fieldsport LLC Ltd. | $47,693 |
| Jones Construction, LLC | $46,600 |
| Advanced Wound Care & Hyperbaric Physicians of Traverse City | $46,112 |
| Bluewater Homes of Northern Michigan, Inc. | $44,710 |
| Andrew L. Mitchell, Inc. | $42,129 |
| Jordan Management Company | $41,748 |
| Specialized Personal Recovery Services, LLC | $40,460 |
| Grand Traverse Tool, Inc. | $40,000 |
| Bac Design Group, Inc. | $37,852 |
| Wendel Construction, Inc. | $34,800 |
| Full Service Snack Company, LLC | $34,485 |
| Cherryland Precision Machining, LLC | $34,278 |
| Aurora Consulting, LLC | $33,700 |
| Proselect, Inc. | $32,201 |
| Painting by Paul, Inc. | $32,003 |
| Rainbow Lawn Maintenance, Inc. | $30,550 |
| City Church TC | $30,300 |
| Cornerstone Engineering, LLC | $30,000 |
| Air-N-Energy Consulting, Inc. | $30,000 |
| Clockwork Agency, LLC | $29,307 |
| MM2 Limited | $28,000 |
| Adams Custom Painting, LLC | $26,370 |
| A Day in May Event Planning & Design | $23,557 |
| Ranch Rudolf, Inc. | $23,200 |
| On Site Engineering, LLC | $22,877 |
| Respecki Auctions, Inc. | $22,563 |
| Lilli Pad, LLC | $22,000 |
| Elite Interiors, LLC | $20,833 |
| Perfect Fit, LLC | $20,833 |
| L & W Builders | $20,537 |
| Thorton Ventures, LLC | $20,273 |
| Cobb's Pest Control, Inc. | $20,205 |
| Magjes Tool, Inc. | $19,875 |
| Reachm, Inc. | $19,075 |
| Wollam, LLC | $18,900 |
| Kristin Boogaard | $17,900 |
| Ross Hickman Law Office | $17,500 |
| John Kessel | $17,500 |
| Vilu Solutions, LLC | $15,000 |
| Bay Area Fire & Safety, LLC | $14,607 |
| Ortega Tile | $14,436 |
| Northwest Tool & EDM, Inc. | $14,424 |
| Wright Custom Coatings & Finishes, LLC | $13,683 |
| Tom Siler Sales, LLC | $13,275 |
| R. Craig Brakeman, PLLC DVM | $12,548 |
| Serve Right, LLC | $12,500 |
| Up North Dog Training, LLC | $12,363 |
| Katy Schaub | $11,250 |
| Martinhouse, Inc. | $10,495 |
| Sigma Sales Associates, LLC | $10,195 |
| Heart & Home, LLC | $10,145 |
| Interior Plant Design & Care by Lorie, Inc. | $8,910 |
| Constance Weese | $8,600 |
| Task Force Lawn Care, LLC | $8,525 |
| J Zevalkink, LLC | $8,405 |
| Dan May ART, LLC | $8,332 |
| Arthur McManus | $7,830 |
| Francetic Home Builders, LLC | $7,555 |
| Traverse City Figure Skating Club | $7,385 |
| Aerie Appraisal, LLC | $6,193 |
| Carol Preuett | $6,040 |
| Russell Investment Advising, LLC | $5,125 |
| PJJ, PLC | $4,500 |
| Sensacomm, LLC | $4,243 |
| Finnegan Insurance Agency | $4,200 |
| Theodore Rammelkamp III | $4,015 |
| Joshua Knorr | $3,809 |
| Bridgette L. Silva | $3,799 |
| Kyle T. Breech | $3,371 |
| Matthew Benedict | $2,739 |
| Custom CNC Creations, LLC | $2,127 |
| Van's Motor Sales, Inc. | $1,267 |
| Synthia Ann Knorr | $700 |
| Joes Lawn Service | $626 |
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