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 |
---|---|
Valley Security Services | $91,700 |
St. John Valley Associates, Inc. | $76,384 |
INN of Acadia Operations, LLC | $73,500 |
Big Ricks Burgers and Wings, LLC | $57,800 |
Jeff's Pizza, LLC | $37,326 |
PSC Holdings, Inc. | $31,400 |
Bob's Service Center, Inc. | $30,000 |
Larry Beaulieu | $28,000 |
Tobey Cyr | $22,142 |
H & S Garage, Inc. | $22,137 |
Thomas O. Cyr Post No. 147 the American Legion | $21,699 |
Bob's Neighborhood Store, Inc. | $21,005 |
Tina Boucher | $20,833 |
Ronald Crawford IV | $20,833 |
Joseph Hood | $20,833 |
Ronald Crawford IV | $20,833 |
Andy Dumais | $20,800 |
Susan Desjardins | $19,791 |
Davis Baron | $19,323 |
Lori Martin | $17,479 |
Jean Ouellette | $16,800 |
Main Street Auto Repair, Inc. | $15,347 |
Darin L. Lilly | $14,055 |
Dionne Construction | $13,819 |
Helen Fortin | $10,100 |
JSB Energy, Inc. | $9,547 |
Clifton Cyr | $8,718 |
Roussel Logging, Inc. | $8,479 |
Caleb Tardif | $7,475 |
Mark Cyr | $7,096 |
Brian Rossignol | $6,942 |
Gary Pelletier | $6,700 |
Cyr Real Estate | $6,000 |
Tina Boucher | $5,918 |
Daniel Desjardins | $5,862 |
Daniel Desjardins | $5,862 |
Stacie Coltart | $5,800 |
Marcel Dionne | $5,700 |
Rhonda Wilson | $5,700 |
Jennifer Dufour | $5,600 |
Ann Franck | $5,500 |
Charles Chartier | $4,965 |
Leslie Daigle | $4,085 |
Ramona Lavoie | $3,935 |
Roger Beaulieu | $3,709 |
Roger Albert | $3,510 |
Clifton Cyr | $3,428 |
Michael Cowie | $3,400 |
Roger Albert | $3,340 |
Pierrette Florist | $3,085 |