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 59520
| Name of Borrower | Current Approved Amount |
|---|---|
| Big Sandy Medical Center | $396,400 |
| Big Sandy Activities | $227,000 |
| IX Ranch | $149,500 |
| Golden Harvest Seeds, Inc. | $42,500 |
| Louvar, Inc. | $39,000 |
| Lazy Yb Land & Cattle | $24,238 |
| Chauvet Cattle | $22,800 |
| L & M Jappe, Inc. | $22,500 |
| Big Sandy Pharmacy, Inc. | $22,400 |
| Big Sandy Organics, LLC | $21,250 |
| Sheehy Ranch, LLC | $17,555 |
| The Oil Barn, LLC | $16,500 |
| Sheehy Law Office | $14,535 |
| Sand Coulee Farm & Ranch | $12,698 |
| The Big Sandy Senior Citizens Center | $10,685 |
| Prairie Craft Construction | $10,039 |
| Williams Brothers Agent | $9,445 |
| Genereux Gravel, Inc. | $9,094 |
| Big Sandy Mountaineer, LLC | $8,200 |
| LA Land & Livestock, Inc. | $7,602 |
| TW Grain, Inc. | $7,500 |
| Countryside Veterinary Service, LLC | $7,100 |
| Peps JHD Enterprises, LLC | $7,015 |
| PW Ridge Farms, Inc. | $6,668 |
| Weaver Land and Livestock, Inc. | $6,544 |
| Frederick Finke | $5,973 |
| Mary's Little Lambs Childcare, LLC | $3,797 |
| DW Agent, Inc. | $3,750 |
| Weaver Cattle Company | $2,695 |
| Hair I Am | $2,472 |
| Chauvet Ranch Company | $2,200 |
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