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 |
|---|---|
| Hometown Lenders | $6,878,500 |
| System Studies & Simulation, Inc. | $5,347,000 |
| Davidson Technologies, Inc. | $4,521,821 |
| Trideum Corporation | $4,253,400 |
| Hudsonalpha Institute for Biotechnology | $3,417,259 |
| Tec-Masters, Inc. | $3,268,511 |
| Jerry Dawson, Inc. | $2,840,700 |
| CFD Research Corporation | $2,640,400 |
| Decibel Research, Inc. | $2,616,900 |
| Interfuze Corporation | $2,121,600 |
| Logicore Corporation | $1,793,900 |
| Vali, Inc. | $1,548,109 |
| Projectxyz, Inc. | $1,402,743 |
| 4M Research, Inc. | $1,384,500 |
| Anglin Reichmann Armstrong, P.C. | $1,291,767 |
| Strategic Defense Solutions, LLC | $1,225,300 |
| Lsinc Corporation | $1,204,500 |
| Alabama Concrete, Inc. | $1,175,000 |
| Uptain Group, Inc. | $1,071,200 |
| Applied Analytical Solutions, Inc. | $1,004,415 |
| Buffalo Restoration, LLC | $1,000,000 |
| Hiley Cars Hunstville, LP | $974,930 |
| Psigen Software, Inc. | $826,331 |
| Blue Cats US, LLC | $826,156 |
| Westminster Christian Academy of | $822,900 |
| Macro Holdings, LLC | $751,826 |
| Conditioned Air Solutions, LLC | $731,000 |
| PPT Solutions, Inc. | $728,000 |
| Cohesionforce, Inc. | $714,250 |
| University Automotive | $674,337 |
| Sei Group, Inc. | $632,600 |
| E Hart Automotive, Inc. | $582,364 |
| Summit 7 Systems, Inc. | $546,745 |
| Agi Corporation | $543,900 |
| MB Solutions, Inc. | $535,110 |
| Saint John Paul II Catholic High School | $527,613 |
| Qualis Corporation | $500,000 |
| Phil Sandovals, LLC | $488,905 |
| Adept Technologies, LLC | $486,755 |
| Nesin Therapy Services, PC | $482,500 |
| Pesa Switching Systems, Inc. | $475,493 |
| Future Research Corporation | $471,300 |
| Stoneridge Homes, Inc. | $451,449 |
| PMS Enterprises, Inc. | $442,008 |
| Tate Services, Inc. | $410,400 |
| Scientic, Inc. | $380,796 |
| Analytix, LLC | $366,000 |
| Stars Huntsville, LLC | $362,600 |
| Gigaparts, Inc. | $360,500 |
| Management Enterprise Developm | $347,000 |
| Grill 29 Huntsville, LLC | $341,100 |
| Kailos Genetics, Inc. | $340,700 |
| Huntsville Ford Tractor Sales | $340,500 |
| MT Zion Baptist Church | $338,000 |
| Measurement Specialists, Inc. | $329,763 |
| Specon Systems, Inc. | $323,000 |
| Wayne's Acoustical & Drywall, Inc. | $317,000 |
| Irepertoire, Inc. | $314,301 |
| Aleta Technologies, Inc. | $306,261 |
| Kachemak Bay Flying Service, Inc. | $295,235 |
| Axometrics, Inc. | $294,428 |
| Smith Infiniti of Huntsville, LLC | $283,803 |
| Grounds Control of Huntsville, Inc. | $283,400 |
| Simple Helix, LLC | $283,300 |
| Taco Mama | $273,400 |
| Cortina Solutions, LLC | $268,315 |
| Phased N Research, Inc. | $268,000 |
| Pro V & V, Inc. | $249,652 |
| Enrgies | $247,982 |
| Insanity Skate, Inc. | $242,900 |
| Heritage Preschool of Research Park, LLC | $240,995 |
| Madison Square Hotel, LLC | $232,600 |
| Eikon Research | $231,000 |
| Microarrays, Inc. | $231,000 |
| Redtown, LLC | $227,610 |
| The Roberts Group, Inc. | $224,000 |
| JL Troupe Company, Inc. | $220,000 |
| Shaggy's Restaurants, LLC | $213,734 |
| Providence Hotel Partners II, LLC | $207,500 |
| Icubate, Inc. | $206,900 |
| Design World, Inc. | $205,511 |
| Ardent Preschool Exchange Place, LLC | $201,500 |
| Frederick Energy Products, LLC | $191,085 |
| Emun Incorporated | $190,700 |
| Serina Therapeutics, Inc. | $187,133 |
| Inthedough, LLC | $182,512 |
| Hireprohealth, LLC | $178,658 |
| Rmci, Inc. | $173,500 |
| This Side Up Moving, Inc. | $170,740 |
| Ol Heidelberg, Inc. | $170,492 |
| Consumer Fuels, Inc. | $167,900 |
| Watercress Hotel Associates, LLC | $162,300 |
| Noodles University, Inc. | $162,055 |
| West END Holdings, LLC | $162,000 |
| Containers Plus, Inc. | $161,300 |
| Chilly Water, LLC | $158,100 |
| Dmhair, Inc. | $155,100 |
| Hillpro, Inc. | $149,824 |
| Cleartrack HR, LLC | $148,768 |
| Flibe Energy, Inc. | $146,905 |
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