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 35976
| Name of Borrower | Current Approved Amount |
|---|---|
| Factory Connection, LLC | $5,637,600 |
| Whitaker Contracting Corporation | $1,733,500 |
| Ace Aeronautics, LLC | $1,284,648 |
| Spann Enterprises, Inc. | $1,253,500 |
| Kappler, Inc. | $1,228,750 |
| Marshall Jackson Mental Health Board, Inc. | $1,071,793 |
| Price Foods, Inc. | $898,380 |
| Char, Inc. | $894,600 |
| Hospice of Marshall County, Inc. | $806,515 |
| Barfield Health Care Acquisition Corporation | $800,000 |
| Tucker Milling, LLC | $698,000 |
| Preferred Health Holdings, LLC | $550,000 |
| Lakeside Clinic, LLC | $453,850 |
| Supervisor, Inc. | $452,700 |
| Dixie Grinders, Inc. | $426,820 |
| Guntersville Sheet Metal Works, Inc. | $357,200 |
| Kennamer Brothers, Inc. | $322,232 |
| Marshall County Pediatrics, PC | $303,250 |
| Top O' Guntersville, Inc. | $301,000 |
| Chorba Contracting Corporation | $299,000 |
| TM Freight, LLC | $295,100 |
| C. A. Langford Company, Inc. | $293,400 |
| Dvgal Enterprises, LLC | $280,000 |
| Metal Research, Inc. | $273,270 |
| Christopher K Harper PC, D.M.D. | $264,735 |
| Guntersville First United Methodist Church | $257,720 |
| Discount Building Supply Company, Inc. | $232,000 |
| Taco Mama Auburn, LLC | $222,900 |
| Mack Transportation, LLC | $215,215 |
| Ross-Graden Lumber Company, Inc. | $209,000 |
| Premier Family Care, LLC | $207,000 |
| Air, Water, & Power Solutions, Inc. | $205,376 |
| GSC Care, Inc. | $202,680 |
| A-C of Oneonta, LLC | $199,500 |
| Ryan Public Safety Solutions, Inc. | $196,500 |
| Michael Higdon Agency, Inc. | $196,245 |
| Community Urgent Care Lakeside North, Inc. | $179,368 |
| Connect Church of Alabama | $178,924 |
| D&M Renovatins, LLC | $176,440 |
| Rock House Eatery, LLC | $170,910 |
| Lakeview Orthodontics, PC | $168,599 |
| Wintzells LLC N.A | $166,900 |
| Lake Guntersville Hotel, LLC | $164,500 |
| Mazama Services, Inc. | $157,190 |
| Woodall & Hoggle Insurance Agency, Inc. | $154,580 |
| Victory Healthcare, LLC | $152,260 |
| J & S Transco, Inc. | $150,600 |
| Taco Mama Montgomery, LLC | $145,700 |
| The Upton Group, LLC | $145,500 |
| Bug Doctor, LLC | $141,468 |
| Gunter's Landing Holdings, LLC | $141,000 |
| Mark Powers & Company, Inc. | $137,462 |
| Sunrise Industries | $136,662 |
| Aqua Services, Inc. | $135,615 |
| Marshall Lawn Care, Inc. | $135,000 |
| Dermatology of North Alabama | $134,980 |
| Freedom Marine Center, LLC | $132,680 |
| Guntersville Hotel Corporation | $126,500 |
| Jones & Cameron, LLC | $125,930 |
| Leighton Foods, LLC | $124,032 |
| Lake Guntersville Dentistry, LLC | $123,773 |
| Attentive Health and Wellness, LLC | $115,132 |
| Gateway Group, LLC | $114,770 |
| Legends Development, LLC | $111,800 |
| Reed Foods, LLC | $111,156 |
| Clay Irrigation, Inc. | $109,000 |
| Wilson-Chandler Management, LLC | $107,240 |
| Chandler-Wilson Management, LLC | $106,667 |
| Sparling Foods, LLC | $104,427 |
| American Lumber and Plywood, Inc. | $104,000 |
| Ross Foods, LLC | $103,042 |
| Industrial Equipment Rental & Sales, LLC | $101,720 |
| Dollar & Lusk Enterprises, LLC | $101,712 |
| Guntersville Feed Store, LLC | $101,413 |
| Mcdonald Long and Johnston Escrow | $101,000 |
| Bunch Pharmacy, Inc. | $98,970 |
| Haralson Drugs Company, Inc. | $98,130 |
| Prime Resturant Consulting Group, LLC | $97,425 |
| PDCK, LLC | $96,130 |
| Foodservice Inc., NA | $95,675 |
| Rabar, Inc. | $94,200 |
| Seam Seal International, LLC | $91,930 |
| Duckett Fishing, LLC | $91,423 |
| Specialty Matboard Corporation | $89,317 |
| Mary F Holley PC, M.D. | $89,000 |
| Marshall County ARC | $87,337 |
| Willmore Training, LLC | $87,300 |
| Oliver Tire, LLC | $86,190 |
| First Quality Homes & Construction, Inc. | $83,310 |
| Honeycomb Secure Systems, Inc. | $82,605 |
| Wright & Wright, PC | $79,750 |
| K&a Fabrication, LLC | $79,032 |
| Walker & White Builders, LLC | $76,050 |
| Longhorn Landscaping Company, LLC | $72,990 |
| Mack Mortuary Transport, LLC | $72,758 |
| Duckett Marine, LLC | $71,565 |
| South Mckone, LLC | $70,810 |
| Lake Guntersville Pools & Spas, Inc. | $70,253 |
| Marine Group, LLC | $70,000 |
| Sure Shot Basketball Academy, LLC | $67,600 |
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