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 49729
| Name of Borrower | Current Approved Amount |
|---|---|
| DTS Enterprises, Inc. | $349,012 |
| Grand Traverse Assembly, Inc. | $233,500 |
| Antrim Dells Golf Course, LLC | $125,000 |
| Royal Farms, Inc. | $88,130 |
| Michael Enterprises, Inc. | $86,735 |
| Rubingh's Dairyland, LLC | $79,600 |
| Atwood Holdings, LLC | $58,816 |
| Good Samaritan Family Services | $50,805 |
| Pine Aire Building, Inc. | $50,200 |
| John Pearl Contractor, Ltd. | $39,382 |
| The Ellsworth Ebenezer Christian School Society | $21,132 |
| Rocky Top Farms | $20,832 |
| CDS Enterprises, Inc. | $16,425 |
| Sommer Solutions, LLC | $14,885 |
| Todd Eggers Trucking, LLC | $13,165 |
| All Seasons Tax & Accounting Services, LLC | $12,780 |
| Mifarmmarket, LLC | $12,500 |
| North Country Veterinary Services, LLC | $11,875 |
| Gold Nugget Bar & Grill, Inc. | $11,200 |
| A Matter of Taste at Tap, Inc. | $8,460 |
| Kevin Eggers Trucking, LLC | $6,370 |
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