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 23851
| Name of Borrower | Current Approved Amount |
|---|---|
| Mid Atlantic Dairy Queen, LLC | $958,500 |
| Franklin Lumber, LLC | $850,000 |
| Highground Services, Inc. | $713,100 |
| The Village at Woods Edge | $580,490 |
| Repairtech, LLC | $494,600 |
| Elite Home Health Care Incorporated | $370,800 |
| Lee M. White, Inc. | $284,937 |
| Blake Investments, LLC | $254,200 |
| Franklin Chevrolet Buick MC | $249,485 |
| Children's Therapy Concepts, LLC | $224,000 |
| Uplifting Hands Home Health Care, LLC | $203,100 |
| Sheet Metal Products, Inc. | $179,500 |
| E&G Enterprises, LLC | $177,600 |
| St. Tissue, LLC | $164,100 |
| DRS Thorton Koontz & Spalding, PLC | $159,800 |
| Crowder and White Contracting, LLC | $156,500 |
| Family Therapeutic Services, LLC | $150,000 |
| Bobby's Tire & Auto Care, Inc. | $140,503 |
| The Childrens Center | $139,800 |
| Burgess & Company CPA, PLC | $139,700 |
| First Class Home Care Services | $126,062 |
| Safe Hands Home Health Care, LLC | $125,000 |
| Albert G. Dail, Inc. | $107,000 |
| Horne Motorsports Enterprises, LLC | $104,300 |
| L. W. Saunders, JR., Trucking, Inc. | $97,037 |
| J. C. Wright Funeral Home, Inc. | $85,800 |
| Miangel Home Healthcare, LLC | $84,900 |
| Bakers Home, Inc. | $83,471 |
| Don Panchos Cantina, LLC | $82,500 |
| Joy Haven, LLC | $77,917 |
| Helping Hands Sitter Service, LLC | $76,310 |
| Thompson Family Dentistry, PLLC | $72,200 |
| Anrae G. Applewhite PLLC M.D. | $71,500 |
| C. L. Cutchin, JR., Inc. | $69,300 |
| MM Industrial Repair, LLC | $66,966 |
| Mars Food, Inc. | $62,500 |
| Cover 3 Football | $60,500 |
| Quality Aire Company | $58,900 |
| L. P. Of North Carolina | $57,600 |
| Franklin Disposal & Recycling | $57,308 |
| Rock Church Franklin | $56,970 |
| Gatten Eye Care, PLLC | $56,620 |
| Bobby's Tire & Auto Care of Downtown Franklin, Inc. | $54,200 |
| Maria Ona PC, M.D. | $53,097 |
| The Gingerbread House, Inc. | $50,800 |
| First Fine Line Construction, LLC | $47,400 |
| Cypress Cove Country Club | $46,435 |
| Shreeji, Inc. | $45,900 |
| Franklin Southampton Economic Developmentment, Inc. | $44,985 |
| El Ranchero III, Inc. | $40,400 |
| Old Oak Land & Tree, LLC | $40,300 |
| Southside Gas Service, Inc. | $39,911 |
| Franklin Hotels, LLC | $38,247 |
| First Baptist Church | $37,502 |
| Franklin Broadcasting Corporation | $36,100 |
| Cole Fencing, Inc. | $35,400 |
| Franklin Hometown Pharmacy, LLC | $35,193 |
| Franklin Auto, LLC | $32,255 |
| JL Hernandez, LLC | $31,910 |
| Eye Care 108, LLC | $31,900 |
| David, S Custom Cabinets | $31,800 |
| W. Bryan Fenters Insurance Agency | $31,700 |
| Judkins Holmes Physician Reimbursement Solutions, Inc. | $31,000 |
| Wholesome Therapy, LLC | $30,271 |
| CM Consulting, Inc. | $29,677 |
| Bluewater Rentals, LLC | $29,590 |
| 3Z, LLC | $29,200 |
| Parker Darden Heating and Air Conditioning, Inc. | $28,900 |
| Nottoway Financial Group, LLC | $28,600 |
| The Morgan Family Investment Group, LLC | $28,312 |
| Wilbur R. Drewry Electrical & Plumbing Contractor, Inc. | $28,300 |
| National Glass, LLC | $27,803 |
| Smith Jewelers, Inc. | $27,053 |
| Hatfield Farms, LLC | $26,159 |
| Terry L. Holloman | $25,900 |
| Park N Shop 8, LLC | $24,799 |
| Purvis Well Service, LLC | $24,700 |
| Parallax It -VA, Inc. | $24,400 |
| BLR Hospitality Corporation | $23,800 |
| Southern Charm Garden Center, LLC | $23,600 |
| Franklin BP Service | $23,200 |
| David White Crane Service, LLC | $23,115 |
| William M. Johnson & Sons Funeral Home, Inc. | $23,100 |
| Johnson Trim and Construction, Inc. | $22,000 |
| Cofield's Locksmith, LLC | $20,800 |
| Gabrielle G. Gatten | $20,700 |
| Peter Crumpler | $20,500 |
| Rosa Lawrence | $20,447 |
| Paul E. Kaplan | $20,200 |
| Jeron Lawrence | $19,887 |
| Matthew L. Drake | $19,500 |
| Franklin Turf, LLC | $19,300 |
| Kingdom Community Church | $19,100 |
| Mark R. Wright | $18,800 |
| Emmanuel Episcopal Church | $18,800 |
| Christopher Lawrence | $18,155 |
| Genesis 1 the House of Care, LLC | $17,500 |
| Jarvis Williams | $17,343 |
| Commonwealth Benefits Corporation | $16,700 |
| Park N Shop 18, LLC | $16,000 |
| EDM Logistics @ Transport | $15,400 |
| Kilvy's Flower Shop, Inc. | $15,200 |
| Bong Hui Yoon | $15,087 |
| Jai Shree Krishna, LLC | $14,868 |
| Custom Landscape & Design, LLC | $14,078 |
| Kaye Weaver Agency | $14,000 |
| Bar Logging, LLC | $14,000 |
| Southestern Material & Recycling, LLC | $11,609 |
| Darden Enterprises, LLC | $11,370 |
| E C Whitley Enterprises, Inc. | $11,100 |
| Taylor Everett V | $10,600 |
| Micah Dillon | $10,540 |
| Insercorp, Ltd. | $10,358 |
| St. Jude Catholic Church | $10,200 |
| ABC Self Storage | $10,100 |
| Good Deeds Home Care | $10,024 |
| Michael L. Smith | $10,000 |
| Jake's Guttering, LLC | $9,800 |
| Robert John Woodward | $9,800 |
| Quality Uniform Service, Inc. | $9,518 |
| Khodiyar Maa, LLC | $9,475 |
| Fred's Restaurant | $9,300 |
| Noami C. Koontz, LLC | $8,900 |
| Deb's Hair Studio, LLC | $8,300 |
| Anita H. Cutchins | $8,200 |
| White Oak Spring Baptist Church | $8,000 |
| Q Beauty Supply, Inc. | $8,000 |
| Blackwater Timber Company, LLC | $7,600 |
| Lori Cary | $7,500 |
| Virginia Peanut Company, Inc. | $7,200 |
| Franklin Office Supply, Inc. | $7,100 |
| Dominique Troutman | $6,627 |
| Franklin Church of God | $6,250 |
| Dqtq Distribution | $5,462 |
| Dqtq Distribution | $5,461 |
| St. Luke Ame Zion Church | $4,854 |
| Manhattan | $4,800 |
| Olde Virginia Moulding & Millowrk, Inc. | $4,800 |
| Sergeant USMC Jayton D Patterson VFW 4411 | $4,792 |
| Keeter Kuts, Inc. | $4,100 |
| Total Business and Personal Service, LLC | $3,750 |
| Ryan Morse | $3,674 |
| Howell Corporation IV | $3,300 |
| Docboys at Station One, LLC | $3,200 |
| The Cat's Meow, LLC | $3,006 |
| Downtown Franklin Association | $3,000 |
| Guynn Hauling, LLC | $2,700 |
| Bland Foot Care | $2,364 |
| Development & Managing Solutions, Corporation | $2,050 |
| Andrea EPPS | $1,833 |
| Lavender and Lace on Second, LLC | $1,265 |
| Blythe Transport, LLC | $1,100 |
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