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 24605
| Name of Borrower | Current Approved Amount |
|---|---|
| Bluefield College | $1,767,200 |
| Raw Coal Mining Company, Inc. | $1,255,480 |
| Marshall Miller and Associates, Inc. | $896,300 |
| Pemco Corporation | $742,200 |
| Charlatte of America, Inc. | $721,267 |
| Peters Equipment Company, LLC | $616,800 |
| Stephanie Nichols PLLC D.M.D. | $493,350 |
| Lawrence Brothers, Inc. | $400,800 |
| Kwik Kafe Vending Company, Inc. | $371,000 |
| Tramline, Inc. | $324,114 |
| Bluefield Manufacturing, Inc. | $284,874 |
| Baystar Coal Company, Inc. | $274,355 |
| Ramsey Industrial Company | $248,200 |
| Industrial Transport, Inc. | $171,800 |
| Mitchem Enterprises, Inc. | $155,800 |
| Knox Operating, LLC | $116,176 |
| Squeeze Security Group, Inc. | $111,431 |
| Cole Auto Outlet, Inc. | $110,500 |
| Bunker Repair Service, Inc. | $101,300 |
| New Graham Pharmacy, Inc. | $100,000 |
| Javed Cardiac Center, PLLC | $98,500 |
| West Virginia Electric Repair, LLC | $94,785 |
| The Furnance Manager, Inc. | $92,300 |
| Four Seasons Rehab, Inc. | $87,800 |
| Naeem a Qazi PC, M.D. | $77,900 |
| Blue Wolf Sales and Service, Inc. | $77,758 |
| Hometown Service Center, Inc. | $75,100 |
| Fincastle on the Mountain, Inc. | $72,624 |
| Ewing No. 1, LLC | $64,400 |
| Dales Chiropractic, P.C. | $63,000 |
| Virginia Hardware & Supply, Inc. | $60,970 |
| Classic Auto & Machine, Inc. | $57,500 |
| JP Industrial Services, Inc. | $56,300 |
| Psychiatric Associates of the Virginias | $55,985 |
| The Charles a. Stacy Law Office & Personal Injury Center, P.L | $54,900 |
| Bapup, Inc. | $51,000 |
| A&B Fire Services, LLC | $50,000 |
| Deel Financial, PLLC | $49,100 |
| Surgical Care of the Virginias, LLC | $47,814 |
| Munif Pediatrics, P.C. | $46,700 |
| Ihsan O Safi Endocrinology and Metabolism, M.D. | $44,400 |
| Protti-Lawrence Fitness, LLC | $43,446 |
| Shogun Bluefield, Inc. | $43,400 |
| Crowe & Company Orthodontics, PC | $42,000 |
| David S. Grouse PC, M.D. | $41,900 |
| Bluefield Monument Company, Inc. | $40,200 |
| Secret Garden and Tea Room, Inc. | $39,800 |
| First United Methodist Church | $36,100 |
| Irish Enterprises, LLC | $35,600 |
| Bluefield Pediatric Cardiology Association | $32,000 |
| Bluerad, PLLC | $32,000 |
| David W. Asbury, M.D. | $31,000 |
| KTJ Transportation, Inc. | $25,500 |
| James Linkous | $25,000 |
| Shrader Transportation | $24,200 |
| C & M Truck Repair, LLC | $22,400 |
| Panacea X Hozumi, PC | $20,833 |
| Ramella and Associates, LLC | $20,800 |
| Kirk Blessings, LLC | $20,000 |
| Andrew T Scruggs ESQ, PLLC | $17,621 |
| The Dudley Law Firm | $16,209 |
| Advantage Contracting & Repair, LLC | $16,113 |
| Kimberly A. Matzel Brown | $15,900 |
| Snuffhill Anesthesia Services, LLC | $15,300 |
| Bradley M. Adkins | $14,831 |
| Raymond a Froy JR CPA, PC | $14,702 |
| Bluestone Interiors, LLC | $13,500 |
| Martin's Consulting, LLC | $13,300 |
| James Dyer PT Clinic | $13,200 |
| Mint Motors Corporation | $13,100 |
| Identity America, Inc. | $12,800 |
| Syed M. Ahmad, M.D. | $12,500 |
| Bluefield Cleaners, Inc. | $11,600 |
| Charles E. Presley Jr. | $10,985 |
| Shelia A. Harris | $9,482 |
| Bowers Enterprises, Inc. | $9,300 |
| DH Trucking | $9,203 |
| Centre Stage Hair Design | $9,154 |
| Bluefield Food Products | $8,800 |
| Bluefield Baseball Club, Inc. | $8,700 |
| Williams Chiropractic Clinic, P.C. | $7,000 |
| Eppy's Auto Repair Service, LLC | $6,800 |
| Venture Printing & Office Supplies, Inc. | $6,600 |
| Roland and Lewis, LLC | $6,540 |
| Christopher Hinkle | $5,600 |
| Abiding Faith, Inc. | $4,700 |
| Lisa Byrd | $4,300 |
| Jeffersonville Title Agency, LLC | $4,278 |
| Andy's Nails | $3,646 |
| RJS Transportation, LLC | $2,489 |
| Pawz Grooming Styles, LLC | $2,426 |
| Andre Fourie Stables | $2,200 |
| Rachel E. Jenkins | $1,250 |
| Robin Hall, LLC | $1,250 |
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