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Saturday, September 28, 2024

2020: 48 PPP loans provided to small businesses in ZIP Code 31771

Innovation

There were 48 PPP loans provided to small businesses in 2020 in ZIP Code 31771, according to the US Small Business Administration.

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 31771

Name of BorrowerCurrent Approved Amount
Hamilton Growers, Inc.$587,200
International Poultry Breeders, LLC$531,501
Southern Valley Fruit & Vegtable, Inc.$520,000
J & R Baker Produce, Inc.$251,688
Triple B Ventures, LLC$206,800
Terry and Joe Baker Farms, LLC$199,300
Sutton System Sales, Inc.$183,300
Mel Cab Produce, LLC$142,809
Norman Park Gin and Warhouse, Inc.$129,288
Pack Logistics, LLC$73,400
Georgia Metals of Moultrie, LLC$68,714
Smi-C&W, Inc.$64,483
Custom Outdoors of Georgia, LLC$55,470
Yancey Fence Company, LLC$52,112
P & D Farms$50,515
Stor-Mor of Tifton, LLC$48,725
Hoss Tools, Inc.$42,437
MCGEE$40,000
Xtreme Electric, LLC$37,900
Norman Park Family Medicine Clinic, LLC$37,500
Polar Refrigeration, LLC$28,494
Samara Plantation, LLC$26,300
Lindsey Farms, GP$25,900
Moultrie Diesel Service, LLC$25,700
H & W Farms, LLC$25,500
Bubba Newton's Pool Service$24,400
Cool Springs Nursery, LLC$22,707
Brady Electrical Contractors$22,145
3dexpress$20,833
Richard Glen Baker$20,833
Matthew Carter, LLC D.M.D.$19,587
Crystal River Services, Inc.$19,208
WKW, LLC$16,800
Colquitt Exterminating, LLC$16,186
KLH Agent Transport, LLC$15,700
Pine Branch Poultry, LLC$15,512
Wilson Tree Service, Inc.$13,458
The First Baptist Church of Norman Park, Georgia, Inc.$12,290
Warrior Creek Tires, LLC$10,058
Hurst Brothers, LLC$9,643
Geri A. Hester$9,260
Kimberly Murray Baker$7,650
Ambry Mcdowell Construction, LLC$5,600
Jeffery Oscar Lee Miller$5,415
Brightwells Lawncare & Landscaping, Inc.$3,998
Kelley Landscape, Inc.$3,500
Alan Stone Plumbing, Inc.$2,100
Christy's Cafe, LLC$1,963

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