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Thursday, January 30, 2025

PPP loans: 14 loans in 2020 in ZIP Code 24639

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There were 14 PPP loans provided to small businesses in 2020 in ZIP Code 24639, according to the US Small Business Administration.

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 24639

Name of BorrowerCurrent Approved Amount
K N L, Inc.$242,800
Skyline Contracting, Inc.$83,529
Silver Spur Conveyors, Inc.$61,300
Street's Auto Center, Inc.$32,399
Claude V. Keen Trucking Company, Inc.$22,500
C & F Contractors, Inc.$20,500
Plasters, Inc.$11,700
Matney Trucking, LLC$11,500
Mohammed Kashem$10,200
Chores & Errands, Inc.$9,757
Baldwin's Oilfield Sales & Service, LLC$7,251
Robinson Napa Auto Parts, Inc.$6,744
Country Boy Customs, LLC$4,817
Major Baisden$1,711

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