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 |
|---|---|
| 618 Main Clothing Corporation | $2,000,000 |
| Cardella Trucking Company, Inc. | $2,000,000 |
| Dynamic Worldwide West, Inc. | $2,000,000 |
| North Bergen Healthcare, LLC | $1,999,999 |
| DRU Whitacre Media Services, Ltd. | $1,934,550 |
| LA Frieda Meats, Inc. | $1,600,000 |
| Mackenzie Group, Inc. | $1,518,965 |
| 74 Industries, Inc. | $1,438,600 |
| Sant-Tec Electric, Inc. | $1,272,393 |
| Hudson Hills Senior Living, LLC | $1,177,400 |
| Edison Lithographing & Printing Corporation | $1,081,155 |
| Liberty Contracting Corporation | $1,054,962 |
| LCC Services, Inc. | $1,019,244 |
| Prestige Bread Company of JC, Inc. | $1,009,200 |
| IDL Contracting Services, LLC | $793,550 |
| Logfret, Inc. | $793,400 |
| Nejana Corporation | $583,845 |
| Poutski, LLC | $548,257 |
| Interventional Spine and Surgery | $542,315 |
| Clem's, Inc. | $516,700 |
| Palisades Emergency Consultants, PC | $493,900 |
| San Antonio Broker Services, Inc. | $480,225 |
| Active Executive Services, LLC | $440,650 |
| Bii Corporation | $438,300 |
| Starsf, Inc. | $429,740 |
| V SKY, LLC | $415,320 |
| Ratan Management Group, LLC | $402,209 |
| RB Restoration, Inc. | $327,500 |
| Schripps Baking, LLC | $303,240 |
| E-Retail Manager, Inc. | $292,300 |
| Gotham Scenic, LLC | $287,819 |
| Canda Realty, LLC | $286,063 |
| Velcol, LLC | $278,000 |
| Reliable Welding & Machine Works in | $277,128 |
| Visiting Homemaker Service of Hudson County | $241,208 |
| Av Hospitality, LLC | $226,607 |
| Mcguire Buick GMC, Inc. | $225,097 |
| Nuchas, LLC | $220,875 |
| Scaffolding Today, Inc. | $220,411 |
| Anythingit, LLC | $218,620 |
| Space Shipping, Inc. | $215,150 |
| The Hudson Heating Wholesaler, Inc. | $213,969 |
| NJ Restaurant Equipment Corporation | $213,779 |
| Richard Carter & Associates, LLC | $208,333 |
| Rumba of Tonnelle Corporation | $183,062 |
| Ratan Palace, LLC | $182,829 |
| Allied Specialty Group | $182,730 |
| DD & P Rest Corporation | $177,978 |
| Ruxman, LLC | $177,030 |
| Speed Line, LLC | $173,342 |
| Michael Cervelli Real Estate, LLC | $170,300 |
| Ratan, LLC | $164,892 |
| Steps Clothing, Inc. | $162,650 |
| ADG Maintenance Company, Inc. | $150,000 |
| Richard Blas | $149,900 |
| Armel Electronics, Inc. | $148,445 |
| Tonnelle Tire Service, Inc. | $146,913 |
| North Bergen Beverage | $146,812 |
| Tripp Nyc, Inc. | $145,907 |
| Sabor O. F. D., Inc. | $145,700 |
| Molfetta Corporation | $145,600 |
| Purtru, LLC | $145,000 |
| Purtru, LLC | $145,000 |
| Superm, Inc. | $144,752 |
| Las Tapas Restaurant | $142,387 |
| Marazul Tours, Inc. | $140,236 |
| True Ice Logistics | $134,042 |
| Stellar Building Products, Inc. | $133,512 |
| 9201 Boulevard Diner, Inc. | $133,300 |
| Parshavnath, Inc. | $131,131 |
| Golden Home Cabinetry USA, LLC | $128,803 |
| Beez & Aree's Adventure, LLC | $128,279 |
| Image Fleet Graphics | $128,000 |
| Pleasure Pool & Spa Management, LLC | $125,890 |
| John Appello | $125,000 |
| North Bergen Car Wash, Inc. | $122,757 |
| MV Medical Logistics, LLC | $122,578 |
| ADB Painting Services Corporation | $119,897 |
| Vijay Enterprises, Inc. | $119,420 |
| Peter Caride LLC M.D. | $119,115 |
| Reefer Repair, LLC | $119,077 |
| Home Surplus of North Bergen, LLC | $117,380 |
| Phoenix Adult & Geriatric Med Association, LLC | $116,000 |
| Jamali Garden and Floral Decor, LLC | $115,752 |
| Molfetta Concrete Company, Inc. | $114,000 |
| B & D Logistics, LLC | $113,207 |
| Sentinel Fire Safety Corporation | $112,500 |
| Visions in Plaster, Ltd. | $110,670 |
| Rancho Mateo Steak House Corporation | $110,386 |
| Om Viththal, LLC | $109,210 |
| Ovas Trucking, LLC | $108,333 |
| Deals Wholesale Corporation | $106,896 |
| Nick Romanides | $105,775 |
| NJ Granite & Marble, Inc. | $104,575 |
| Gastroenterology Medical Associates PA | $103,095 |
| High Born Logistics, LLC | $100,776 |
| Puresport Athletics, Inc. | $100,250 |
| Eastern Power Electric Limited Liability Company | $99,662 |
| H&P Sewing Company | $98,955 |
| Gomes & Dinis, LLC | $98,000 |
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