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 24641
| Name of Borrower | Current Approved Amount |
|---|---|
| Ramey Automotive, Inc. | $459,732 |
| Twin Enterprises, Inc. | $372,400 |
| Preferred Hospice, Inc. | $301,125 |
| Richlands Pharmacy Associates, Inc. | $223,000 |
| Performance Drives, Inc. | $217,000 |
| Mcclure Concrete Products, Inc. | $173,058 |
| Lori B. Musick, D.D.S. | $122,600 |
| Muhammad R. Javed, P. C., M.D. | $114,300 |
| Randy's Gateway Drug, Inc. | $108,300 |
| Well Service of Virginia, LLC | $105,600 |
| Richlands Funeral Company, Inc. | $99,501 |
| Jimco Construction, LLC | $72,017 |
| Douglas R. Ratliff | $71,300 |
| Ultra Petroleum, LLC | $71,202 |
| Appalachian Restaurants, LLC | $71,000 |
| Lobo Trucking, Inc. | $67,309 |
| Complete Comfort Heating & Cooling, Inc. | $63,900 |
| Jim's Precision Bodyworks, Inc. | $59,206 |
| Michael Bandy & Associates, PC | $58,886 |
| Looney Enterprise, LLC | $57,944 |
| Marcus B. Buskill, P. C., D.D.S. | $57,455 |
| Susan Sawyers | $52,192 |
| Sonny's Quick Stop, LLC | $50,445 |
| Clinch Valley Family Podiatry, PLLC | $48,000 |
| Wheeler Drug, Corporation | $42,719 |
| Buskill Sales Company, Inc. | $38,869 |
| Coaltown Taps, LLC | $37,814 |
| Cook Associates CPA Services, LLC | $35,500 |
| T. Shea Cook, P.C. | $33,230 |
| Child Abuse Reporting and Enforcement Center of Southwest VA | $31,872 |
| Triple J Contractors, Inc. | $30,413 |
| Elswick Law, P.C. | $29,012 |
| Business Planning & Consulting, Ltd. | $28,734 |
| David Mullins Wealth Management, LLC | $26,385 |
| First United Methodist Church Richlands | $26,129 |
| Mulco Insurance Agency, Inc. | $24,857 |
| C & C Conveyors | $22,331 |
| Bobbi Hale Insurance Agency | $21,500 |
| T. Miller’S Nurse Anesthesia, PLLC | $20,833 |
| Autumn Anesthesia, LLC | $20,800 |
| V H Holmes and Sons, Inc. | $19,410 |
| Frannies, LLC | $19,381 |
| H & V Sporting Goods, Inc. | $19,185 |
| Rife Remodeling and Flooring | $18,000 |
| Richlands Towne Center, Inc. | $17,200 |
| Lifetime Soultions Group, Inc. | $16,600 |
| Dotson Refrigeration Heating & Cooling, Inc. | $16,000 |
| Gethsemane Baptist Church | $15,443 |
| Kim's Floral Designs | $14,895 |
| Strong Properties, Inc. | $14,655 |
| Richlands Mobile Home Supply, Inc. | $14,600 |
| Muljibhai J. Thakkar, M.D. | $14,224 |
| Addington Boat & Camper Sales, Inc. | $13,117 |
| Jay C Matney Insurance Agency | $12,892 |
| L&L Rental Properties | $12,500 |
| Lindsey & Associates Financial Services, Inc. | $12,160 |
| Richlands Tabernacle, Inc. | $10,925 |
| Frazier Tire and Automotive, Inc. | $10,924 |
| World of Learning Academy, Inc. | $10,700 |
| First Christian Church | $9,050 |
| Bruce M. Freedman, P. C., D.P.M. | $8,481 |
| Richlands Area Citizens for the ARTS, Inc. | $6,800 |
| Jerry's Auto Service, Inc. | $6,588 |
| INK, Inc. | $6,200 |
| Ravi K Titha PC, M.D. | $5,590 |
| Ervin B. Davis & Company, Inc. | $5,500 |
| Dennis Todd Short | $4,607 |
| Sandees Sassy Scissors, Inc. | $4,000 |
| Fortune Realty of Richlands, Inc. | $3,800 |
| Jackie's Screenprinting | $3,776 |
| Lindsey & Associates, Inc. | $3,385 |
| Vivian L. Cline | $3,300 |
| Classy Closet Boutique | $3,210 |
| Joseph Jessee | $2,045 |
| B & G Repair Shop, Inc. | $1,688 |
| Tressia's Trends | $1,600 |
| Jama Nail & Beauty Bar & Gift Shop, LLC | $1,600 |
| Amanda Shea Hale, Attorney at Law, P.C. | $1,175 |
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