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.
Top 100 largest PPP loans in 2020 in ZIP Code 72921
| Name of Borrower | Current Approved Amount |
|---|---|
| Farmers Cooperative Association | $1,214,775 |
| Stepping Stone School of Exceptional Children, Inc. | $1,152,651 |
| Workman's Travel Centers, LLC | $711,777 |
| Morrell Manufacturing, Inc. | $498,300 |
| Crabtree RV Center, Inc. | $414,600 |
| Bowen Logistics, LLC | $410,297 |
| Alma Tractor & Equipment, Inc. | $354,867 |
| Pleasant Valley Farm of Van Buren, Inc. | $329,100 |
| Bryant Preserving Company | $313,000 |
| Meadors Lumber Company, Inc. | $290,300 |
| Western Arkansas Child Development, Inc. | $239,400 |
| Superior Soneworks Masonry, Inc. | $224,800 |
| Center for Child Development & Family Education | $197,700 |
| Arkansas Truck Center, Inc. | $195,087 |
| Brent Robertson Construction, Inc. | $184,950 |
| Auto Plex of Arkansas, Inc. | $156,797 |
| S&W Packaging | $155,000 |
| A to Z Outdoors, LLC | $144,110 |
| Beyond Ministries, Inc. | $132,400 |
| SLP Contracting, Inc. | $132,174 |
| A to Z Gifts & More, LLC | $126,105 |
| Gilbert Burkholder, Inc. | $120,427 |
| Coleman Pharmacy of Crawford County, Inc. | $119,195 |
| Summers Trucking, Inc. | $118,500 |
| Catfish Hole Alma, Inc. | $115,400 |
| Satterfield Land Surveyors P. A. | $109,500 |
| SDI of Alma, Inc. | $109,200 |
| Jones Distribution, Inc. | $98,000 |
| ATC Heavy Duty Towing and Recovery | $97,100 |
| Goff Industrial Electrical, Inc. | $92,500 |
| Jeremy S Simon Family Dentistry, D.D.S. | $88,000 |
| LA Fiesta Mexican Restaurant, Inc. | $84,500 |
| Cornerstone Medical Group, PLLC | $80,000 |
| Longboat Key Furniture, LLC | $77,778 |
| Walter Irrigation, Inc. | $77,500 |
| Longboat Key Tools, LLC | $75,246 |
| The Boys & Girls Clubs of the Diamond Hills | $73,887 |
| Americana, Inc. | $73,177 |
| Burrows and Associates Engineering Consultants, Ltd. | $71,800 |
| MK Technologies, Inc. | $70,500 |
| Catfish Hole, LLC | $67,700 |
| Randy Hobbs, Inc. | $65,990 |
| Hutchens-Perry Enterprises, Inc. | $63,800 |
| Century Dental, Inc. | $58,610 |
| Omega Customs, LLC | $57,800 |
| J&J Wilbanks, Inc. | $53,300 |
| El Trio Restaurant, Inc. | $51,625 |
| Patrick's Burgers, LLC | $51,300 |
| Pizza Parlour of Alma, Inc. | $50,900 |
| Shipman Lawn Care & Landscaping, Inc. | $48,000 |
| John Wood Insurance Agency | $47,300 |
| Aaq Management, Inc. | $45,600 |
| Parker Plumbing & Electrical, Inc. | $45,000 |
| Willroth Backhoe & Field Service, Inc. | $45,000 |
| Sai Ram Hotels, Inc. | $44,500 |
| Webb Eye Care PA | $41,800 |
| L & W Cattle Company, Inc. | $41,188 |
| Rice Heating and Air Conditioning, Inc. | $41,000 |
| First Baptist Church Alma | $39,182 |
| Our OWN Little World Daycare, Inc. | $37,000 |
| Alma Farm Supply, Inc. | $36,561 |
| Houck Plumbing, LLC | $36,400 |
| Vinyl Exteriors, Inc. | $35,600 |
| 8X Transport, LLC | $33,600 |
| Wimberley Construction, Inc. | $32,500 |
| 247 Services, LLC | $32,500 |
| Grace Church of Alma | $30,700 |
| KTBT, LLC | $30,375 |
| R Gray, Inc. | $30,000 |
| Rucker Fine Homes, Inc. | $29,700 |
| Bradley's Heating and Air Conditioning, LLC | $29,000 |
| Longboat Key Distributors, LLC | $28,416 |
| Triangle Supply Company | $28,000 |
| Dewater Construction, LLC | $27,675 |
| Sai Alma, LLC | $24,950 |
| Heritage Outdoors, LLC | $24,847 |
| Southside Baptist Church | $23,950 |
| BCY Properties, LLC | $23,700 |
| Tom Sangster Insurance Agency, Inc. | $22,730 |
| Alma Auto Service and Sales, Inc. | $22,500 |
| R-Bet Sales, Inc. | $22,400 |
| Longboat Key Fashions, LLC | $22,373 |
| Michelle Pendergraft | $21,535 |
| Richard Newton | $20,930 |
| Jacy Nicholas Higgins | $20,833 |
| Needham Production Services, LLC | $20,833 |
| Mitchelle Therapy Services, Inc. | $20,832 |
| Sara Medical Group, LLC | $20,831 |
| K Ray Welding, LLC | $20,830 |
| Joseph Ham | $20,800 |
| Mario Gonzalez | $20,750 |
| Steel Building Erectors, Inc. | $20,386 |
| Parkwood Apartments, LLC | $20,115 |
| Arkansas Premier Tournaments, LLC | $20,100 |
| Outdoor Advertising Roberts | $19,833 |
| Jonnie Railey | $18,545 |
| Jin Fen Guo | $18,400 |
| Pat Satterfield Realtors, LLC | $18,100 |
| Routt Construction Company, LLC | $17,655 |
| Thicksten Enterprises, Inc. | $17,445 |
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