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 10120
| Name of Borrower | Current Approved Amount |
|---|---|
| Market Halsey Urban Renewal, LLC | $688,599 |
| American Urban Radio Networks, LLC | $383,419 |
| Jaydee Ventures, LLC | $328,610 |
| Jer HR Group, LLC | $275,000 |
| JJ Operating, Inc. | $271,000 |
| Sageview Consulting, Inc. | $235,010 |
| Storone, Inc. | $203,190 |
| Fordham Associates, LLC | $187,800 |
| Cosi Consulting, LLC | $154,870 |
| A Wonder Media Company, LLC | $141,065 |
| Tradelegs, LLC | $115,437 |
| Protech It Group -Sba Small 7a Term, Inc. | $109,682 |
| King Construction Group, LLC | $104,632 |
| Superadio Networks-NY, LLC | $88,073 |
| SLS Fire, LLC | $87,506 |
| Eleqtra, Inc. | $86,242 |
| Nurture Nature Foundation | $67,449 |
| Warner Center, LP | $58,310 |
| The Brookline Group | $51,573 |
| Digital Media Training, Inc. | $38,950 |
| Boyp Corporation | $33,700 |
| Amsec Engineering of New York, P.C. | $30,605 |
| Law Office of Peter Panas, P.C | $29,500 |
| Pet Proteins, LLC | $20,833 |
| Kamyar Haimof | $20,833 |
| Kpny, LLC | $20,000 |
| Law Office of Garry Pogil | $20,000 |
| Optimal Spaces, Inc. | $17,500 |
| Moskvina Law, PLLC | $15,385 |
| Magnum Opus System Corporation | $14,625 |
| Blue Harbor Psychotherapy LCSW, PLLC | $14,186 |
| Kay Insurance & Investments | $10,100 |
| K. M. Sykes, CPA, P.C. | $7,255 |
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