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 10115
| Name of Borrower | Current Approved Amount |
|---|---|
| Cooke School and Institute | $2,329,300 |
| Workforce Outsource Services, Inc. | $1,736,595 |
| The Pension Boards United Church of Christ, Inc. | $1,583,332 |
| United Methodist Women | $1,460,142 |
| Greater New York Councils | $1,232,997 |
| Auburn Theological Seminary | $882,500 |
| Shalom Hartman Institute of North America | $857,605 |
| Morningside Center for Teaching Social Responsibility, Inc. | $680,112 |
| New York Theological Seminary | $584,613 |
| United Methodist City Society | $577,475 |
| Latinojustice Prldef | $562,130 |
| Bike New York, Inc. | $551,362 |
| SDSN Association, Inc. | $532,022 |
| Riverside Park Conservancy, Inc. | $524,900 |
| Episcopal Church Foundation | $465,800 |
| World Science Foundation | $382,500 |
| Metropolitan New York Synod | $332,257 |
| The College and Community Fellowship, Inc. | $288,715 |
| Blacksmith Institute | $273,900 |
| Interfaith Center on Corporate | $255,627 |
| Salvadori Center, Ltd. | $244,885 |
| The Interchurch Center | $234,910 |
| West END Residences, HDFC | $192,402 |
| I Earn, Inc. | $181,760 |
| Commonweal Foundations | $175,000 |
| Zamir Choral Foundation, Inc. | $150,805 |
| Presbytery of New York City | $103,505 |
| The Millennium Promise Alliance, Inc. | $71,236 |
| The Interfaith Center of New York, Inc. | $69,400 |
| Japan Center for International Exchange | $64,800 |
| The Regional Emergency Medical Services | $61,697 |
| The Community Development Venture Capital Alliance | $61,229 |
| New York Justice for Our Neighbors, Inc. | $60,100 |
| Vellore Christian Medical College Foundation, Inc. | $58,500 |
| The Corbin Hill Food Project, Inc. | $56,100 |
| Federation of Jewish Men's Clubs, Inc. | $42,555 |
| Climate Science Legal Defense Fund | $38,102 |
| International Foundation for Ewha W. University, Inc. | $20,305 |
Alerts Sign-up