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.
| Name of Borrower | Current Approved Amount |
|---|---|
| Bledsoe Telephone Cooperative, Inc. | $1,214,030 |
| R D Construction, LLC | $327,341 |
| Associated Communications Subcontractors, Inc. | $290,100 |
| Life Line Foods, LLC | $191,225 |
| Cumberland Guardrail, Inc. | $152,167 |
| Rodriguez Produce | $125,000 |
| Farmer Morgan, LLC | $110,206 |
| Pikeville Family Dentistry, LLC | $83,494 |
| DC Electrical, LLC | $79,887 |
| Sells Building Supply | $74,657 |
| Pikeville Urgent Care, PLLC | $55,630 |
| BKO Stephens Pharmacy, Inc. | $54,241 |
| Reed Family Funeral Homes, Inc. | $53,072 |
| DBA Subway | $50,354 |
| Law Office of Howard L Upchurch | $48,449 |
| Mills Pump Service | $45,920 |
| Burns Farms, Inc. | $45,868 |
| James Mills Well Drilling & Water Supply | $45,808 |
| Ideal Concrete Plus | $45,600 |
| Angel Construction | $44,752 |
| Oren Wooden Apples | $44,729 |
| Jackson General Merchandise and Farm | $42,952 |
| Family Real Estate Services | $41,135 |
| Standefer Drug Center, LLC | $40,500 |
| Morgan Electric | $38,327 |
| Pikeville Clinic, LLC | $38,000 |
| Kailash Investment, Inc. | $33,750 |
| Roy Debord and Son Construction | $33,274 |
| Crossville Agent & Lawn, LLC | $31,700 |
| Turner Refrigeration, LLC | $25,705 |
| Mountain Glen, LLC | $25,178 |
| Valley Publishing Company, Inc. | $24,353 |
| Ralph Holmes | $20,833 |
| Ronald H. Swafford | $20,565 |
| Gary Hankins Logging | $17,999 |
| R&d Trucking, LLC | $17,897 |
| Paul Bailey | $16,278 |
| Phillip Wooden & Sons Farm Market | $15,963 |
| Pikeville United Methodist Church | $15,672 |
| Matt Massengille Insurance Agency | $13,124 |
| RNP Enterprise, Inc. | $12,668 |
| Debora Angel-Pompi | $11,826 |
| Buy It Built | $11,471 |
| Speed Mart 3, Inc. | $9,716 |
| Ewing Electric and Refrigeration, Inc. | $9,695 |
| Donnie A. Taylor | $9,578 |
| Riser Construction Company, LLC | $8,820 |
| Pikeville Family Healthcare | $8,688 |
| Glenn Lagrone | $8,400 |
| Printing Partners | $8,385 |
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