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 13685
| Name of Borrower | Current Approved Amount |
|---|---|
| Lawman Heating and Cooling, Inc. | $2,712,242 |
| Administrative Management Systems, Inc. | $179,885 |
| Robbins Family Grain Company, LLC | $163,624 |
| Sackets Boathouse Restaurant, LLC | $128,790 |
| Tin Pan Galley, Inc. | $128,033 |
| Fire & Ice Mechanical of Northern New York, LLC | $126,175 |
| North Harbor Dairy, LLC | $125,982 |
| Agbotic Project #1, LLC | $80,528 |
| Agbotic Incorporated | $76,535 |
| Navy Point Marine, Inc. | $67,590 |
| Sackets Harbor Brew Pub, LLC | $64,700 |
| Harbor House INN, LLC | $45,249 |
| Fort Pike Commons Apartments, LLC | $43,715 |
| NNY Commercial Cleaning Services, LLC | $37,062 |
| Great Lakes Realty, Ltd. | $36,198 |
| Grant & Sue White Enterprises, Inc. | $30,014 |
| Charlie Phillips Construction, Inc. | $26,280 |
| Christine M. Roach | $22,103 |
| RG Sherry, M.D. | $20,800 |
| Harold W Townsend Post 1757 | $20,300 |
| Bedford Creek Golf Club, Inc. | $20,000 |
| Jmjaf, Inc. | $17,500 |
| Payroll by Mcwiz, LLC | $15,046 |
| Jet-O-Rooter, LLC | $14,500 |
| Old Mcdonald's Farm, LLC | $13,138 |
| Bedford Creek Marina & Campground | $11,100 |
| Brian Peters Plumbing, Heating & Electrical | $10,438 |
| Cobcrest Farms, LLC | $9,430 |
| Hay Memorial Library of Sackets Harbor | $8,960 |
| Lakeside Mechanical and Contracting | $8,665 |
| Kistilan Dark | $8,339 |
| The Sandwich Bar of Sackets Harbor, LLC | $7,350 |
| Rachel Kay Photography | $5,600 |
| Employees by Mcwiz, LLC | $5,462 |
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