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 49706
| Name of Borrower | Current Approved Amount |
|---|---|
| W. W. Fairbairn & Sons, Inc. | $492,923 |
| Waterfront Property Management and Builders, Inc. | $198,000 |
| Final Touch Cleaning | $156,090 |
| White Pines Electric, Inc. | $130,400 |
| Northwest Mechanical, Inc. | $121,540 |
| Wayne Mcphall | $110,675 |
| Maple River Animal Clinic, Inc. | $107,300 |
| Hale Manufacturing, Inc. | $89,870 |
| Northwood Family Restaurant, Inc. | $80,700 |
| Bruckman's Trucking, LLC | $64,765 |
| Kresnak Consulting, LLC | $59,555 |
| Cog Group, Inc. | $53,000 |
| Straits Area Dental, P.C. | $52,600 |
| Portside Market, Inc. | $47,639 |
| Ginop Plumbing & Heating, Inc. | $46,495 |
| Northern Dining, Inc. | $40,356 |
| Coldwell Banker Fairbairn Realty | $37,388 |
| Clayton Eby Building Services, Inc. | $35,332 |
| Michel's Collision & Restoration, Inc. | $30,800 |
| K and P Services, Inc. | $29,800 |
| Ranch RV Sales, Inc. | $26,682 |
| Les'S Flatwork Service, Inc. | $25,000 |
| T D Lemieur Roofing, LLC | $23,100 |
| Alanson Church of the Nazarene | $21,500 |
| Progressive Finishing & Prestain, LLC | $21,300 |
| Harbor Straits, Inc. | $21,167 |
| Northern Shores Design, LLC | $20,833 |
| Northern Michigan Stoneworks, Inc. | $20,000 |
| Phil's Lawn Care, LLC | $17,655 |
| JSNW, Inc. | $17,400 |
| Roof Renew of Michigan, LLC | $16,192 |
| Johnston's Lawncare Solutions, Inc. | $14,735 |
| Robert Mogford Auto Parts | $13,917 |
| Racc Enterprises, LLC | $13,000 |
| Aulgur Appraisals, LLC | $12,300 |
| House of Pies, LLC | $11,500 |
| L. James, LLC | $8,677 |
| Casey Behling | $8,572 |
| Ted Festerling, LLC | $8,333 |
| Huntman Builders, Inc. | $8,000 |
| Matthew Chamberlain | $7,500 |
| Naomi Casement LMSW Caadc, LLC | $6,936 |
| Schoonmaker's Painting Company, LLC | $6,785 |
| Green Thumb Gardening and Lawn Care Service, Inc. | $6,400 |
| Chris Ogden, Inc. | $6,250 |
| Ben Wiklanski | $5,093 |
| Carpet Dawg | $4,713 |
| Michigan Pete Landscaping, Inc. | $3,100 |
| Shelly Pawloski | $2,838 |
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