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Wednesday, November 27, 2024

These are the top 50 largest PPP loans in 2021 in ZIP Code 35648

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Here are the top 50 largest PPP loans provided in 2021 to small businesses in ZIP Code 35648, according to the US Small Business Administration.

The Paycheck Protection Program (PPP) provides loans to small businesses affected by the COVID-19 pandemic. Companies with less than 500 employees, sole-proprietorships, independent contractors or self-employed individuals may 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.

Top 50 largest PPP loans in 2021 in ZIP Code 35648
Name of BorrowerCurrent Approved Amount
Global Special Effects, Inc.$89,757
Joe Kirkpatrick$49,949
Freedom Printing, Inc.$30,072
Heath Walker$26,434
Steve Wampler$20,833
Timothy Wells$20,833
Brad Buchanan$20,833
Justin Hodges$20,833
Christopher Lawell$20,833
Angie Mashburn$20,833
Steven Shawn Smith$20,833
Tommy Word$20,832
Larry Decatur$20,832
John Murdock$20,609
Rachel Bean$19,041
David Mewbourn$15,497
Luther McCafferty$15,364
Bobby E. Wallace$14,746
William Smith$13,542
Candace Cox$13,214
James Akin$12,376
Barry K. Jones$11,271
Jerre Lynn Ritter$11,205
Roger Pettus$10,073
Big Oak Transport, LLC$9,825
Robert Howard$9,586
Mickey Allen$8,997
Williams Trucking of Lexington$8,371
Mark D. Campbell$8,258
Jeffrey Martin$7,805
Ronald Killen$7,769
Peggy G. Smith$7,755
James M. Hammond$7,379
Wesley Killen$6,947
Eric White$5,915
Mary Mashburn$5,870
Nathan Smith$5,698
Michael McCain$5,688
Holden Family Farms, LLC$5,435
Steve Davis$5,410
Roger Howard$5,288
Lucas McGee$5,250
Larry O. Clemmons$4,957
James Surratt$4,875
Charlotte Murdock$4,645
Charles Thompson$4,539
David M. Key$4,532
Brandon Thomas$4,360
Gregory Richardson$4,203
Anthony Ritter$4,190

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