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 49727
| Name of Borrower | Current Approved Amount |
|---|---|
| East Jordan Family Health Center | $649,195 |
| WSI PBG, LLC | $367,600 |
| JLB Dealer Holding, LLC | $310,233 |
| Phoenix Trailers, LLC | $295,749 |
| Miller, Poineau, and Naumes, Inc. | $228,095 |
| Wit Son Carbide Tool, Inc. | $169,300 |
| Mobile Marine Service, Inc. | $143,992 |
| Wescorp Enterprise, Inc. | $111,180 |
| Olstrom, Inc. | $100,785 |
| WB Builders, Inc. | $97,764 |
| Atlas Electric, Inc. | $89,635 |
| South ARM Construction, LLC | $88,394 |
| Northern Wood Finishing, LLC | $84,110 |
| Charlevoix County Community Foundation | $69,322 |
| Giovanni Longo Enterprises, Inc. | $63,400 |
| Brian K Sladics P. C., D.D.S. | $58,010 |
| East Jordan State Street Marathon | $50,332 |
| Hilltop | $47,271 |
| Access Dental East Jordan, P.C. | $46,800 |
| Michiganpro Com, LLC | $46,250 |
| BC Pizza of East Jordan, Inc. | $43,162 |
| South ARM, LLC | $42,580 |
| Burr Enterprises, Inc. | $40,862 |
| Porter Financial Group, LLC | $36,860 |
| At Your Service Plus, Inc. | $30,645 |
| Daniel J. Thomas Dc | $28,100 |
| East Jordan Veterinary Clinic, Inc. | $27,912 |
| Subway #21995 Corporation | $27,327 |
| Germaines Enterprises, LLC | $26,000 |
| T & R Yamaha, Inc. | $24,550 |
| North Woods Logging & Tree Service, LLC | $23,863 |
| Penzien Funeral Chapel, Inc. | $23,792 |
| Jordan Valley Barn | $21,400 |
| Murray's Body Shop, LLC | $21,342 |
| Plain and Fancy Contracting, LLC | $20,832 |
| Black Birch Design Build, LLC | $20,065 |
| G & C Journey, LLC | $19,042 |
| TG Plumbing and Heating, LLC | $17,367 |
| Betsy Britton | $17,300 |
| Charles Black E. Jr. | $17,055 |
| J&J Auto Parts & Wrecker Service, Inc. | $16,560 |
| Harvest Barn Word of Life Church | $16,520 |
| Erin Hawesscott | $16,384 |
| Bingham Enterprises, LLC | $16,250 |
| Hellebuyck Masonry, LLC | $15,787 |
| Terry Rosebush Motorsports, Inc. | $15,453 |
| Bluestem Farm | $14,841 |
| Joe Shear Services, LLC | $14,725 |
| Raven Hill Discovery Center | $13,900 |
| Elsilu Events, LLC | $13,888 |
| Matt's Mechanical Contracting, LLC | $13,578 |
| Lavanway Logging, LLC | $11,915 |
| AAA Services Plus | $11,250 |
| B & B Auto Service, Inc. | $11,000 |
| Otis Pottery, Inc. | $10,267 |
| Iron Goat Coffee, LLC | $10,175 |
| Marty's Dairy Grille, LLC | $10,102 |
| Tom's Diesel Repair | $9,650 |
| Blue SKY Barn, LLC | $9,400 |
| Bidati, Inc. | $8,892 |
| The First Presbyterian Church of East Jordan, Michigan | $8,440 |
| Connie Roberts | $8,282 |
| Greenman Auto Repair, LLC | $8,060 |
| E. J. Shoppe, Inc. | $8,025 |
| Gaudette Handyman Services, LLC | $6,227 |
| Tad J. Richards, D. D. D., P.C. | $6,152 |
| Gotts Enterprise, LLC | $6,030 |
| Cedar Rest Resort, LLC | $4,930 |
| Dutchmans Bay Storage | $4,843 |
| Bennett Agency, LLC | $4,800 |
| Whiteford's Incorporated | $4,757 |
| AMWS, LLC | $4,747 |
| Depot Jordan Valley Teen Center | $4,000 |
| The Inner Structure Interior Design, LLC | $4,000 |
| Custom Home Solutions, LLC | $3,610 |
| Christy Steuer | $2,198 |
| The Competitive Edge Hair Studio | $1,523 |
| Randolph Dowker | $1,384 |
| Books & Things, LLC | $1,002 |
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