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 45692
| Name of Borrower | Current Approved Amount |
|---|---|
| Superior Hardwoods of Ohio, Inc. | $1,555,665 |
| Jackson County Health Facilities, Inc. | $517,500 |
| Montgomery Trucking Company | $499,730 |
| Seven South Stores, Inc. | $225,877 |
| Wellston Hardware S&T, Inc. | $217,425 |
| Johnson's Fire Equipment Company | $179,932 |
| Saints Peter and Paul Church | $154,100 |
| Rockco, LLC | $149,700 |
| OTHS, Heiser & Miller, LLC | $148,758 |
| SF Restoration, LLC | $129,762 |
| Wellston Aerosol Manufacturing Company | $110,000 |
| Brian Huston Trucking, Inc. | $68,200 |
| Dave's Custom Butchering, Inc. | $57,035 |
| Mcwilliams Funeral Home, Inc. | $49,577 |
| Jackson Brothers Construction | $37,700 |
| Destiny Truck Driving Academy | $36,565 |
| Gem Beverages, Inc. | $32,590 |
| Jolly Family Enterprises, LLC | $31,532 |
| Little Blessings Child Care, LLC | $31,000 |
| The Original Rocket Pizza of Wellston, LLC | $30,587 |
| Derros Insurance, Inc. | $30,070 |
| Lockard Insurance Agency, Inc. | $22,375 |
| Mcwhorter Auto Solutions | $20,700 |
| Wellston American Legion Post No. 371 | $17,100 |
| T & R Logging, LLC | $15,821 |
| Lemaster Construction | $15,057 |
| Tarawa Holdings, LLC | $15,000 |
| Mcfadden Plumbing Heating Cooling | $14,975 |
| J & P Petroleum, LLC | $13,750 |
| Appalachian Cycle Accessories, Inc. | $13,165 |
| Lackey's PDQ, LLC | $12,720 |
| Leella Lanes of Wellston, LLC | $12,690 |
| Wilson Excavating of Jackson County | $12,000 |
| Hope United Methodist Church | $11,137 |
| Honeysuckle Lanes | $10,780 |
| Newmans Meats and Groceries | $9,750 |
| Wellston Post No. 9092 VFW | $9,400 |
| Jackson Area Apostolic Ministries | $9,100 |
| Sims Family Home Improvement | $7,600 |
| Brodigan's Sports & Trophies | $7,192 |
| MCW Trucking | $3,775 |
| Freedom Chapel | $3,500 |
| Amanda Peterson Real Estate Agent | $2,572 |
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