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 49749
| Name of Borrower | Current Approved Amount |
|---|---|
| Burt Lake Marina, Inc. | $215,142 |
| M&M Plumbing, Heating, Cooling, Inc. | $168,806 |
| North Star Gardens, Inc. | $163,100 |
| Indian River Family Dentistry, PLLC | $140,800 |
| Indian River Golf Club | $118,160 |
| Northern Buckeye Food Group | $111,447 |
| Oswald, Inc. | $100,000 |
| Michigan Lake Products, Inc. | $100,000 |
| T & RC Company, Inc. | $94,856 |
| Swansen Holdings, LLC | $93,300 |
| Ramsby Drilling, Inc. | $90,500 |
| Indian River Marina, LLC | $86,385 |
| Tri-River Collision, Inc. | $74,562 |
| WB Underground, LLC | $72,725 |
| Cross in the Woods National Shrine | $71,190 |
| Carron, Inc. | $52,397 |
| Wilson's Rivers Edge, Inc. | $48,782 |
| Pat & Gary'S Party Store & Sporting Goods | $46,000 |
| Indian River Auto Care | $45,858 |
| Toni’S Depot Restaurant, LLC | $44,149 |
| Indian River Hotel, Inc. | $40,000 |
| North Country Homes | $38,671 |
| Bridgewater Excavating | $36,219 |
| Screen Graphics Company, Inc. | $35,715 |
| Inland Lakes Rentals, Inc. | $34,677 |
| Michigan Comprehensive Medical | $34,442 |
| Shorestone Custom Builders, Inc. | $32,255 |
| North Star Stone, LLC | $32,000 |
| Brothers Tree Service of Indian River, Inc. | $28,600 |
| Pat & Gary'S Party Store, LLC | $26,600 |
| Drosts Ice Cream Shoppe, LLC | $26,152 |
| Custom Carpets, Inc. | $25,172 |
| Indian River Methodist Church | $24,975 |
| Wigwam, Inc. | $24,700 |
| Men of Melchizedek, Inc. | $24,000 |
| Audiocraft Publishing, Inc. | $23,782 |
| T-Bone Properties, LLC | $22,803 |
| Northern Elements Home Maintenance, LLC | $22,207 |
| South Side Auto, Inc. | $22,190 |
| Jordan Landscaping, LLC | $21,900 |
| Everingham Enterprises, Inc. | $21,564 |
| Global Expatriate Tax Services, LLC | $20,885 |
| North Star Coffee, LLC | $20,300 |
| Rock River Corporation | $19,577 |
| Dan's Auto Repair of Indian River, Inc. | $19,162 |
| Fay Martin, LLC | $18,651 |
| Buildings by Burrus | $18,465 |
| Nate O’grady Landscape & Tree Service | $18,415 |
| Chiropractic Heath Care, PLC | $16,700 |
| Canonical Consulting Associates, PLC | $15,440 |
| Pauls Glass Service, Inc. | $15,424 |
| Hope Landscaping, LLC | $14,022 |
| Andrew Real Estate, LLC | $13,967 |
| Camprite Adventures, LLC | $13,712 |
| The Northwoods Lodge, Inc. | $12,849 |
| Credo Hospilitality, LLC | $12,769 |
| ROOTZ | $11,918 |
| Indian River Electric Motor Repair Service, LLC | $11,760 |
| Marriage & Family Counseling of Northern Michigan, LLC | $11,700 |
| Duane M. Shank | $10,620 |
| Indian River Towing, LLC | $10,118 |
| Barkley's Seafood & Steak House | $9,200 |
| Indian River Collision, LLP | $8,114 |
| Edward C. Shovan | $7,407 |
| Ronald Athey | $7,100 |
| City on a Hill Community Church | $6,962 |
| Bunker Services, LLC | $6,837 |
| Northern Lights Ice, LLC | $6,550 |
| Tony Hand | $6,465 |
| Lucky Star, LLC | $6,300 |
| Stanleys Variety, Inc. | $6,115 |
| Terri Vizina | $5,862 |
| Up North Garage, Inc. | $5,807 |
| Dale Joles Trucking | $5,287 |
| B&P Quilting, Inc. | $5,229 |
| Great North Country, LLC | $5,167 |
| Straitsland Publishing, LLC | $4,962 |
| Weatherguard Enterprises, Inc. | $4,500 |
| Bresus Hospitality, LLC | $4,400 |
| Pure Plumbing Services, LLC | $4,083 |
| Gregory C Rotter Attorney at Law | $3,942 |
| Joanne M. Sutton | $3,600 |
| Arbor Logic Tree Care, LLC | $3,600 |
| Cash for Checks, LLC | $3,420 |
| Alexis Knox | $2,330 |
| Verne E. Sutton | $900 |
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