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 35805
| Name of Borrower | Current Approved Amount |
|---|---|
| Pinnacle Solutions, Inc. | $6,032,500 |
| Nlogic, LLC | $5,652,092 |
| Oncology Specialties, PC | $5,149,600 |
| Erica Lane Enterprises | $4,804,488 |
| A-P-T Research, Inc. | $3,201,900 |
| Systems Products and Solutions, Inc. | $2,356,540 |
| Ierus Technologies, Inc. | $2,309,700 |
| Jesse Stutts, Inc. | $2,161,861 |
| Valley Pizza, Inc. | $1,945,133 |
| Ranger Land Systems, Inc. | $1,880,000 |
| Qtec, Inc. | $1,805,445 |
| Gleason Research Associates, Incorporated | $1,403,099 |
| Spur Jobs, Inc. | $1,326,600 |
| Bentley Group, Inc. | $1,267,100 |
| Rosies Restaurants, Inc. | $1,262,300 |
| Brockwell Technologies, Inc. | $1,170,793 |
| Cepeda Systems & Software Analysis, Inc. | $1,104,560 |
| Wilkinson Insurance Services, Inc. | $919,869 |
| Madison Core Laboratories, LLC | $908,785 |
| Right Way Restaurants, Inc. | $886,482 |
| Y-Tec Kelex Toyotetsu Alabama, Inc. | $883,000 |
| The Atlantic Group, LLC | $839,436 |
| Millennium Systems Services, Inc. | $788,564 |
| Alabama Lawn Master, Inc. | $788,025 |
| Pinkerton's Electrical Service, Inc. | $703,157 |
| Haley's Flooring and Interiors, Inc. | $694,700 |
| The Lioce Group | $681,800 |
| Bob Wallace Appliance Sales, Inc. | $671,300 |
| Breland Management Corporation, GP | $646,173 |
| Aja, Inc. | $639,600 |
| Pathology Associates, P.C. | $634,930 |
| Nephrology Consultants, LLC | $620,873 |
| Amtec Solutions Group, Inc. | $609,300 |
| Eleit Technology, Inc. | $554,600 |
| Stewart Electric Company, Inc. | $554,000 |
| Fourroux Prosthetics, Inc. | $520,000 |
| Bentley Auto, Inc. | $517,600 |
| T&W Operations, Inc. | $503,700 |
| Huntsville-Madison County Botanical Garden Society | $500,000 |
| Space Center Hotels, LLC | $483,676 |
| Shearer & Associates, Inc. | $458,000 |
| F1 Solutions, Inc. | $454,803 |
| Ray Pearman Lincoln, Inc. | $434,533 |
| Flight Test & Mechanical Solutions, Inc. | $416,600 |
| Tennessee Valley Fence, Inc. | $413,580 |
| Shapefidelity, Inc. | $370,300 |
| Mullins, LLC | $361,646 |
| City Lumber Company of Huntsville, Ala & Terry Jason and G, Inc. | $359,911 |
| Successus, LLC | $348,704 |
| Environmental Systems Corporation of Huntsville | $345,750 |
| Rehabilitation & Neurological Services, LLC | $301,000 |
| Sexton Welding Supply Company, Inc. | $298,940 |
| Consolidated Wiring, LLC | $297,161 |
| Omi, Inc. | $294,300 |
| Cottage Senior Living, Inc. | $292,000 |
| Appalachia Landscaping, Inc. | $267,512 |
| PBS Images, Inc. | $265,800 |
| Onyx Aerospace, Inc. | $261,000 |
| The Riley Behavioral and Education Center | $257,695 |
| Laughlin Service Funeral Home, Inc. | $254,656 |
| G2 Sales, LLC | $252,279 |
| Village Home Care, Inc. | $252,000 |
| Mcallister Tool & Machine, Inc. | $243,985 |
| Gen-Company, Inc. | $238,210 |
| Service Steel, Inc. | $233,110 |
| Stutts Corporation, Inc. | $230,390 |
| H2L Solutions, Inc. | $220,097 |
| Civil Axe Throwing | $220,000 |
| Stovehouse, Inc. | $219,280 |
| Medtherm Corporation | $207,000 |
| Discount Divas Boutique, LLC | $198,975 |
| Streamline Automation, LLC | $196,600 |
| BP Cafe, Inc. | $195,940 |
| Jerry Minor Cleaning & Restoration, Inc. | $195,700 |
| Technical Micronics Control, I | $194,400 |
| Yellowhammer Brewing, Inc. | $194,253 |
| Casa Holdings, LLC | $190,100 |
| Future Designs, Inc. | $186,700 |
| Aec Site Solutions, LLC | $185,194 |
| Hsv-Mad Company Senior Center, Inc. | $184,780 |
| Cameron Executive Search and Staffing, Inc. | $181,900 |
| Samovar Gardens, LLC | $176,500 |
| RCPM, LLC | $175,000 |
| American Senior Assistance Programs, Inc. | $172,679 |
| Royal Funeral Home, Inc. | $169,000 |
| D. Stanton Group, LLC | $168,702 |
| Prosthodontics II Incorporated | $166,000 |
| Chase Commercial Real Estate Services, Inc. | $163,500 |
| Hops N Guac Hunstville, LLC | $161,255 |
| Bearden, Stroup & Associates, Cpas, LLC | $161,248 |
| Brand, Blackwell & Company, P.C. | $149,428 |
| Madison County 310 Board | $148,662 |
| Westonsadie, LLC | $147,500 |
| Food Bank of North Alabama | $146,989 |
| Straight to Ale Brands, Inc. | $143,220 |
| Maximum Comfort Heating & Air, LLC | $140,127 |
| Allied Supply Company, Inc. | $140,000 |
| Foundation & Structural Renovations, Inc. | $134,348 |
| L. Miller & Son, Inc. | $132,409 |
| Interconnect Systems Corporation | $131,833 |
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