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 49701
| Name of Borrower | Current Approved Amount |
|---|---|
| Mackinaw VVV, Inc. | $1,611,400 |
| Shepler's, Inc. | $951,800 |
| Darrow, Inc. | $509,680 |
| Mackinaw Mill Creek Camping, Inc. | $337,755 |
| Northern Confections, Inc. | $252,300 |
| Jaggi, Inc. | $190,162 |
| Hie Mackinaw Operating, Inc. | $149,000 |
| Gurukrippa Mackinaw, Inc. | $132,700 |
| Darrow Brothers Excavating, Inc. | $112,992 |
| Biere DE Mac Brew Works, LLC | $86,400 |
| CLM Hospitality, Inc. | $70,500 |
| The Pancake Chef, Inc. | $68,100 |
| Mackinaw Pastie Shop, Inc. | $64,897 |
| Marshall's Mackinac Trail, Inc. | $63,510 |
| Sharky's Mackinaw Outfitter, Inc. | $60,633 |
| Winners Circle Car Wash II, Inc. | $57,000 |
| T & B Ingersoll, Inc. | $43,422 |
| BW Dockside, Inc. | $43,200 |
| Emily Enterprises, Inc. | $40,195 |
| Deans Filling Station, LLC | $39,287 |
| Lumber Jack Shows, LLC | $37,900 |
| Michigan Future Hybrid Construction | $35,000 |
| Falkner's Confection Connection, Inc. | $34,700 |
| Teysens Gifts, Inc. | $33,400 |
| Icebreaker Mackinaw Maritime Museum, Inc. | $31,305 |
| Enrico Nardone Motel, Inc. | $29,534 |
| DK Gregory Enterprises, Inc. | $26,100 |
| The Mackinaw Club, Inc. | $25,965 |
| The Park Store, Inc. | $24,722 |
| Tee-Pee Camp Ground, Inc. | $22,300 |
| Magic Fashions, Inc. | $20,832 |
| Neej Investments, LLC | $20,801 |
| Bridge Insurance Group, LLC | $20,200 |
| Mackinaw Laundry Services, Inc. | $19,100 |
| Mackinaw Harbor Wear, Inc. | $18,220 |
| G & T Hospitality, LLC | $18,084 |
| JPM Enterprise, LLC | $17,197 |
| Great Lakes Lighthouse Keepers Association | $16,558 |
| Mackinaw Liquor, Inc. | $15,700 |
| Mackinaw City Popcorn Factory, LLC | $14,775 |
| Downing Enterprises, Inc. | $13,700 |
| Bridgeview Diner | $13,400 |
| RC Eichman Enterprises, Inc. | $9,400 |
| Eichman Enterprises, Inc. | $9,400 |
| Ai & JP Mini Mart, LLC | $8,080 |
| Anna Lieghio, Inc. | $6,000 |
| Frank N Stuff, Inc. | $5,100 |
| White Snow #2 Corporation | $5,000 |
| Straits Lawn Care & Snow Removal, LLC | $3,700 |
| Straits Area Tour Company, LLC | $2,020 |
| Lamplighter Motel | $2,000 |
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