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 13408
| Name of Borrower | Current Approved Amount |
|---|---|
| Morrisville Auxiliary of State University of Agent & Technician at Morrisvi | $2,126,555 |
| Crouse Community Center, Inc. | $1,798,805 |
| Dutcher's, Inc. | $131,610 |
| Asap Interiors, LLC | $125,430 |
| CMV Pharmacy, Inc. | $108,326 |
| Cooley's Home Center, Inc. | $78,400 |
| Wormuth Dairy & Refrigeration, LLC | $76,973 |
| Center State Agent Service, Inc. | $75,559 |
| Cooperative Extension Association in the State of New York | $73,085 |
| Sykecon Industries, Inc. | $58,042 |
| A&R Tire Service Center, LLC | $40,000 |
| Oliveri Book, Inc. | $35,500 |
| Catania Chiropractic, P.C. | $35,000 |
| Blue Hill Farm | $33,600 |
| Davis Automotive, Inc. | $27,383 |
| Auto Parts of Morrisville, Inc. | $26,970 |
| Dopar Farms | $24,095 |
| Heim Farms, LLC | $16,767 |
| Montello Computer Solutions, Inc. | $15,700 |
| Dennis P. Sullivan | $12,520 |
| Davis-Willowbrook Service and Repair | $1,000 |
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