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 23970
| Name of Borrower | Current Approved Amount |
|---|---|
| Parker Oil Company, Incorporated | $2,109,200 |
| Southside Medical Management, Inc. | $880,400 |
| Southern Textile Service, Inc. | $700,617 |
| Total Image Solutions | $656,242 |
| B&B Consultants, Inc. | $428,880 |
| W. R. E., LLC | $426,630 |
| International Veneer Company, Inc. | $408,000 |
| The Boyd Corporation, So. Hill VA | $335,828 |
| The Gee Law Firm, PC | $298,628 |
| VQC, Inc. | $264,732 |
| J. A. Barker Construction, Inc. | $237,502 |
| Brian's Steak House, Inc. | $219,030 |
| Watkins Insurance Agency, Inc. | $212,848 |
| Creedle Jones & Associates, P.C. | $201,200 |
| The Boyd Corporation II, So. Hill, VA | $174,180 |
| Smiley's Truck & Diesel, LLC | $172,124 |
| Hardee Ford Mercury, Inc. | $166,533 |
| Pine View Rest Home, Inc. | $152,500 |
| Union Level Timber Harveters, LLC | $146,700 |
| Harris, Matthews & Crowder, P.C. | $141,048 |
| Simmons Logging, Inc. | $126,538 |
| K. W. Morris, Ltd., D.D.S. | $119,252 |
| JW Fabricators, LLC | $118,900 |
| Williams Enterprises of South Hill, Inc. | $113,700 |
| CD Transport | $111,710 |
| Sonrise Unlimited, Inc. | $103,361 |
| M. C. 's Kids, Inc. | $100,400 |
| Union Level Land and Timber, LLC | $97,800 |
| First Baptist Church | $87,942 |
| Ahip VA South Hill Enterprises, LLC | $83,096 |
| Rogaciano Palacios, Inc. | $82,327 |
| Gill Enterprises, LLC | $77,236 |
| Proffitt Truss & Building Supply | $77,020 |
| Karobway Furniture Company, Inc. | $75,700 |
| MH Success Brokers, LLC | $75,000 |
| Southside Rescue Squad, Inc. | $72,400 |
| Tri-County Gastroenterology, P.C. | $68,500 |
| Union Level Timber, LLC | $68,400 |
| M & T Ventures, LLC | $66,231 |
| H & H Forest Management, Inc. | $66,200 |
| 313 Franklin, LLC | $65,399 |
| Screamin Eagle Trucking, Inc. | $61,096 |
| Simmons Hauling, Inc. | $60,594 |
| Josy Transportation, LLC | $57,600 |
| Airtec | $55,900 |
| Butts and Butts Attorneys at Law | $54,500 |
| Circle W Farms, Inc. | $54,272 |
| Prabhv Enterprises, LLC | $49,582 |
| Family Foot Clinic, P.C. | $48,700 |
| John E. Love Pharmicist, Ltd. | $48,000 |
| B & D Enterprises, Inc. | $47,000 |
| INNS International, Inc. | $46,153 |
| Luca's Italian Restaurant, LLC | $45,900 |
| Charles C. Wright Insurance Agency, Inc. | $45,003 |
| Ismail Jolaoso, P. C., D.D.S. | $44,312 |
| South Hill Hotel, LLC | $42,300 |
| Integrity Billing Technology, Inc. | $41,703 |
| Harper Jewelry Company Incorporated | $41,400 |
| Austin and Sons Logging, Inc. | $41,389 |
| New Life Chiropractic, PLLC | $40,564 |
| Ingram Tire Company, Inc. | $39,021 |
| First Energy Corporation | $38,541 |
| Stephen W. Bailey, PC, D.M.D. | $38,540 |
| Trinity Custom Embroidery, LLC | $38,400 |
| B & E Transit Mix, Inc. | $37,460 |
| North View Home for Adults, LLC | $35,385 |
| L&D Enterprises, Inc. | $33,883 |
| Opie Farms, Inc. | $33,639 |
| Consumer Escrow & Title, Inc. | $33,147 |
| The Fit Club, LLC | $32,452 |
| Taylor Law Firm, PLLC | $32,276 |
| South Hill Texaco, Inc. | $32,272 |
| Nature Veterinary Center, Inc. | $31,610 |
| Ezell Automotive Solutions, LLC | $31,078 |
| High and Associates, PC | $30,500 |
| Caring Hearts Academy, LLC | $30,070 |
| North View Day Support, LLC | $29,591 |
| Austin and Sons Trucking, Inc. | $28,859 |
| Peb, LLC | $27,824 |
| Community Living, Inc. | $25,517 |
| Pearce Oil Company, Inc. | $24,817 |
| Proffitt Farms, LLC | $22,842 |
| Jyotika, Inc. | $22,806 |
| The Pointe Realty Group of Lake Gaston, LLC | $22,600 |
| Memory Makers, LLC | $22,249 |
| Bagley Appliance Service, Inc. | $21,900 |
| Farrar Enterprises, Inc. | $21,212 |
| Southside Greensville Pediatrics | $20,800 |
| Precision Timber Harvesting, LLC | $20,000 |
| Honeycutt, Inc. | $19,750 |
| Wine N Rose Consulting, Inc. | $19,360 |
| Graham Hardware, Incorporated | $19,298 |
| Charles a. Fergeson, JR. D. C., P.C. | $19,100 |
| Ujam, Inc. | $18,820 |
| Clary Farms, Inc. | $18,708 |
| Creedle Automotive, Inc. | $17,333 |
| Picasso's, Inc. | $17,231 |
| WF & G, Inc. | $17,200 |
| Roll With It Used Tires, LLC | $17,125 |
| Lake Country Cleaning Service, Inc. | $17,108 |
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