The Paycheck Protection Program (PPP) provides loans to small businesses affected by the COVID-19 pandemic. Companies with less than 500 employees, sole-proprietorships, independent contractors or self-employed individuals may 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.
| Name of Borrower | Current Approved Amount |
|---|---|
| Schad Boiler Setting Company | $2,146,500 |
| Shaw & Slavsky, Inc. | $927,300 |
| RBC Enterprises, Inc. | $767,800 |
| Detroit Dismantling Corporation | $500,000 |
| O H Pye III Funeral Home, Inc. | $462,646 |
| Greenfield Super Market, Inc. | $387,000 |
| Fire Rite, Inc. | $340,501 |
| DMC Consultants, Inc. | $315,700 |
| JC Beal Construction, LLC | $294,498 |
| Star Center, Inc. | $259,600 |
| Michigan Steel Finishing Company | $241,067 |
| CBP Fabrication, Inc. | $237,500 |
| Arrow Office Supply Company | $219,820 |
| West Friendship Materials, Inc. | $216,000 |
| DE Bruce Company | $193,982 |
| Lube 1 Express of Chesterfield | $190,420 |
| Shkaga, Inc. | $190,203 |
| Versa Handling Company | $189,877 |
| Third New Hope Baptist Church | $184,200 |
| Secured Property Management, LLC | $169,129 |
| Grand Price, Inc. | $165,165 |
| Aluminum Supply Company, Inc. | $156,100 |
| Impact Network, Inc. | $155,987 |
| Graceys Amazing Care, LLC | $132,854 |
| Detroit Bikes, LLC | $125,000 |
| Pasadena and Denha & Son, Inc. | $121,390 |
| Star Petroleum I, LLC | $115,893 |
| Manfield Auto Parts INT, Inc. | $115,400 |
| DBA Motor City Pipe & Supply Company | $114,375 |
| RRE Enterprises, Inc. | $101,900 |
| United RX, LLC | $97,072 |
| WJT Productions, LLC | $92,410 |
| Hanna Market, Inc. | $91,713 |
| Premium Diagnostic One, Inc. | $90,300 |
| Yum Yoshi, LLC | $90,000 |
| Las Vegas Stone and Flooring, Inc. | $89,300 |
| Total Service Construction, LLC | $88,832 |
| TRJ Retail Group, Inc. | $87,000 |
| Security Steel Processing Company | $83,512 |
| Browning & Goodwin, LLC | $83,498 |
| Jet Fuels, Inc. | $81,000 |
| 4K Learning Center, LLC | $79,800 |
| Woodward Coney Restaurant | $79,733 |
| Marshall Holding Company | $77,600 |
| Premium Plus Auto Sales, Inc. | $75,000 |
| Grafton Enterprises, LLC | $71,500 |
| Crystal Staffing Solutions, LLC | $70,900 |
| Marshall Sales, Inc. | $69,300 |
| Hyde Spring and Wirecompany | $68,000 |
| Shatila Service Center | $64,000 |
| Land Star, Inc. | $62,500 |
| Burger Grille, LLC | $61,802 |
| Tax Ventures, LLC | $60,800 |
| Pointer an Sons, Inc. | $60,600 |
| Timbo Slice Grooming, LLC | $60,500 |
| Tyler Rich | $60,000 |
| Rose Caster, LLC | $55,100 |
| Somebody Care Home Services | $50,625 |
| Allan & Ford, Inc. | $50,300 |
| Evangel Echos Church of the Air | $50,100 |
| Captain Jay Fish and Chicken 110, Inc. | $49,400 |
| Perfect Auto Services | $46,875 |
| Rabban Ventures | $46,440 |
| Dez and Khloe, Inc. | $45,150 |
| Greater Detroit Agency for the Blind and Visually Impaired | $45,100 |
| Stephen C. Larkins Company, Inc. | $42,500 |
| Children Village International Centers, Inc. | $40,200 |
| Supreme Window Factory, Inc. | $40,170 |
| Domoniques Empire, Inc. | $40,000 |
| First Yogi's Kiddie Kare, Inc. | $39,400 |
| Mariahs Christian Preschool Center | $38,300 |
| Americana Food Store, Inc. | $37,800 |
| The Cooler King | $37,500 |
| Greater Ecclesia Church of Our Lord Jesus Christ | $37,032 |
| C & N Management | $36,200 |
| Tag-Art, Inc. | $33,378 |
| Mark's a Eagles 4 Coney Island NC | $32,000 |
| Metro Building Materials, LLC | $31,100 |
| Sabah, LLC | $28,700 |
| Universal Tires, LLC | $28,387 |
| TRI County Entry Systems | $28,186 |
| 3 Star, Inc. | $27,400 |
| Greater Love Tabernacle Church of God in Christ | $27,100 |
| Metropolitan Church of God | $27,000 |
| Beta-C, Inc. | $25,976 |
| Redeemed Christian CH | $25,000 |
| Providing Hearts Home Health Service, LLC | $24,894 |
| EJVJ Enterprise, Inc. | $24,200 |
| R & John Pizza, Inc. | $24,000 |
| HI-Quality Rebuilt Starter & Alternator, Inc. | $23,915 |
| Dollar Store of Grand River, Inc. | $23,100 |
| Professional Technology Collision I | $22,925 |
| Grand River Boost Mobile, Inc. | $22,300 |
| Schoolcraft Pharmacy, LLC | $21,718 |
| Detroit Sub USA #75, Inc. | $21,700 |
| Charles Hollowell Jr. | $21,334 |
| Big Sam Auto Parts, Inc. | $21,100 |
| Tower Liquor Shoppe, Inc. | $21,100 |
| Darryl Dortch | $20,833 |
| Billy Obeng | $20,833 |
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