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 24651
| Name of Borrower | Current Approved Amount |
|---|---|
| Gene M Forbes Enterprises, Inc. | $1,812,100 |
| Delrick Corporation | $648,029 |
| Clinch River Forest Products, Inc. | $564,000 |
| Simmons Equipment Company | $385,000 |
| DR. Steven D. Lutz PC, D.D.S. | $230,400 |
| 12 Enterprises, Inc. | $212,500 |
| Delcrick Corporation of West Virginia | $211,316 |
| Crab Orchard Veterinary Services, Inc. | $169,500 |
| Envirocheck of Virginia, Inc. | $128,855 |
| JS Construction Association, Inc. | $114,500 |
| Ronald W Householder PLLC D.D.S. | $111,500 |
| Four Seasons Ymca | $94,000 |
| TMS Belt Technician, Inc. | $90,500 |
| W Eric Shrader PC, M.D. | $86,900 |
| Gillespie, Hart, Altizer & Whitesell, P.C. | $86,100 |
| Barg-N-Finders, Inc. | $76,300 |
| Delrick Corporation of Pennsylvania | $75,130 |
| Glenn L. Catron, P. C., D.M.D. | $70,000 |
| Robert M. Galumbeck, LLC | $67,700 |
| American Recycling Transfers, Inc. | $66,897 |
| Melvin's Machine and Die, Inc. | $61,694 |
| Johnson Brothers Construction, Inc. | $58,600 |
| Southwest Roofing, Inc. | $58,000 |
| A&S Sanitation, Inc. | $57,915 |
| Faletti & Gonzalez, PLLC | $48,800 |
| Clinch Valley Pharmacy | $48,000 |
| Historic Crab Orchard Museum & Pioneer Park, Inc. | $47,444 |
| Dunford Roofing, Inc. | $46,000 |
| The Blankenship Agency, LLC | $45,700 |
| Samuel H Johnson, CPA, PLLC | $45,500 |
| Cecil Engineering Company, PC | $45,000 |
| Main Street United Methodist Church | $42,700 |
| Altizer, Walk, and White, PLLC | $41,400 |
| Virginia Mountain Brewing, LLC | $38,800 |
| Wayrick, Inc. | $38,500 |
| Harry Rentals, Inc. | $37,200 |
| Felicia H. DE Courcy, PC | $35,200 |
| Olde Virginia Pharmacy, Inc. | $33,478 |
| Rodney Abrahams, D.D.S. | $29,887 |
| J. A. Fisher Enterprise | $29,429 |
| C & L Property Management, Inc. | $25,700 |
| KTJ Transportation, Inc. | $24,464 |
| Jeffrey D. Murray & Company, LLC | $23,800 |
| Tazewell Family Health, Inc. | $22,775 |
| Project 13 Three | $22,100 |
| Clinch Mountain Motor Works, LLC | $22,100 |
| Front Porch, Inc. | $22,000 |
| Tazewell Presbyterian Church | $20,300 |
| Frederick W. Harman, P.C. | $20,125 |
| Letsen Law Firm, PLLC | $20,000 |
| The Chad Murray Agency, LLC | $19,800 |
| Diamond S Fencing and Ranch | $16,405 |
| Gillespie Cove Farm, Inc. | $16,300 |
| Live Laugh Learn Child Developmmet Center | $16,031 |
| Bright Beginnings Child Development Center | $14,900 |
| Thompson Valley Market, LLC | $14,299 |
| Dial Rock Enterprises, Inc. | $14,200 |
| Francis Joseph Bohan | $14,000 |
| Hurst-Scott Funeral Home of Tazewell, Inc. | $13,744 |
| Neo Law Firm, PLLC | $13,300 |
| Pamela Howell | $12,610 |
| Farmer's Livestock Market, of Tazewell, Inc. | $11,422 |
| R & S Graphics, Inc. | $10,912 |
| Coal Bucket Restaurant, LLC | $10,493 |
| Dragon Fire, LLC | $10,300 |
| Adam's Land Improvement's | $9,365 |
| Flowers on Main | $9,337 |
| Tazewell Presbyterian Preschool | $7,700 |
| Southeastern Coal, Inc. | $7,500 |
| Tazewell Baptist Church | $7,300 |
| Joseph White | $6,963 |
| Streams of Eden | $6,800 |
| Appalchian Distributing, Inc. | $6,200 |
| Professional Bookkeeping & Accounting Incorporated | $5,257 |
| N S Transport & Trucking, Inc. | $4,933 |
| Phillips Distributing, Inc. | $4,595 |
| Manuel A. Zaragoza | $4,451 |
| 318 Distributing, LLC | $4,400 |
| Tazewell County Chamber of Commerce | $4,000 |
| Lewis Thompson Family Investments | $3,500 |
| Jacqueline O. Beasley | $3,000 |
| Frank Bradley Pyott | $2,800 |
| Elaine K. Pyott | $2,800 |
| Painted Dreams by Ami, LLC | $400 |
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