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 45506
| Name of Borrower | Current Approved Amount |
|---|---|
| Ohio Stamping & Machine, LLC | $1,226,507 |
| Morgal Machine Tool Company | $1,043,652 |
| Southbrook Health Care Center, Inc. | $662,200 |
| Fluid Quip, Inc. | $655,100 |
| The Kreider Corporation | $623,811 |
| Mcgregor Companies Administrative, LLC | $592,260 |
| The Yost Superior Company | $529,600 |
| Rose City Manufacturing, Inc. | $523,870 |
| Opportunities Industrialization Center of Clark County, Inc. | $412,989 |
| Electric Eel Manufacturing Company, Inc. | $361,600 |
| MMS, Inc. | $314,095 |
| Hugo Bosca | $300,000 |
| Ride Motorcycles, Inc. | $224,142 |
| Roger Storer & Son, Inc. | $179,190 |
| Airtrim, Inc. | $154,734 |
| Compton's Precision Machine & Tool, Inc. | $152,678 |
| Walt's Auto, Inc. | $148,500 |
| Interfaith Hospitality Network of Springfield | $145,791 |
| Fluid Quip Mechanical, LLC | $140,111 |
| Houston Machine Products, Inc. | $138,098 |
| C. I. R. E. S., Inc. | $137,500 |
| Kraftt & Associates, Inc. | $133,100 |
| Kes Harris Trucking, LLC | $118,430 |
| A1 Hospitality Corporation | $110,500 |
| Dmtco, LLC | $109,193 |
| Tecumseh Council, Boy Scouts of America | $101,485 |
| Springfield Symphony Orchestra | $101,115 |
| Metal Stampings Unlimited, Inc. | $92,402 |
| Springfield Christian School | $91,800 |
| Jenks and Associates | $82,090 |
| US Pro Painters, LLC | $80,400 |
| KPT Logistics, LLC | $79,969 |
| Stalder Sping Works, Inc. | $71,515 |
| Hsak Property, LLC | $67,192 |
| St. John Missionary Baptist Church, Inc. | $64,747 |
| Meades Paving, Inc. | $62,660 |
| Bid Masonry, LLP | $59,977 |
| Rocky Lakes Golf Course | $54,859 |
| Catanzaro's Pizza and Subs | $54,110 |
| Welcome Hospitality | $52,200 |
| Mitchell Painting, LLC | $41,413 |
| Janitor Equipment Company, Inc. | $39,762 |
| Above All Glass Shops, LLC | $39,700 |
| Jay & J, LLC | $37,360 |
| Frank M Miesse Trust | $36,000 |
| Greater Grace Temple, Inc. | $35,500 |
| Mad River Management, LLC | $35,475 |
| Tomco Tool, Inc. | $32,072 |
| Precious Gifts Daycare | $28,872 |
| Brian Clem Farms, LLC | $28,742 |
| CF Trucking, LLC | $27,972 |
| RPM Hospitality, LLC | $26,200 |
| Manar, Inc. | $22,500 |
| Impact Players, LLC | $20,444 |
| Da'myra Ragland | $20,082 |
| Reed Train | $20,000 |
| Springfield Fence Company, LLC | $19,800 |
| Daydream Builders, LLC | $18,773 |
| Clem Farms, Ltd. | $18,168 |
| Sifi Ministry, Inc. | $18,137 |
| Rohr Excavating Services, LLC | $17,640 |
| Solid Gold Investments, LLC | $17,476 |
| Complete Building Service, LLC | $14,130 |
| Church of Jesus Family Worship Center | $13,875 |
| Next Generation Academy | $13,713 |
| Atmiya Property, LLC | $13,500 |
| Kiishia Morris | $12,402 |
| Robinson Corner Cutz | $10,848 |
| Vishwamit, LLC | $10,400 |
| Itinerant Studio, LLC | $9,782 |
| Urban Light Ministries, Incorporated | $9,700 |
| New Day Christian Fellowship | $7,850 |
| Sherry Robinson Enterprise, Ltd. | $6,500 |
| Winston Freight Movers, LLC | $5,092 |
| Jeffrey S. Smith | $4,500 |
| Love Pursuit International, Inc. | $4,482 |
| A God of Second Chance, LLC | $2,900 |
| Gregory W. Parsley | $1,253 |
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