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 10167
| Name of Borrower | Current Approved Amount |
|---|---|
| Berkery, Noyes & Company, LLC | $868,770 |
| ADS Agency, LLC | $517,262 |
| Fortitude Solutions, LLC | $462,517 |
| Vistrada, LLC | $459,792 |
| HNA Group North America, LLC | $436,320 |
| Premier Senior Living, LLC | $250,400 |
| Benjamin P. Feldman | $156,027 |
| The Williams Law Firm, P.C. | $150,577 |
| Joseph Derario and Michael Lorman | $95,025 |
| Louis Cannataro | $87,674 |
| Megapol Management, LLC | $85,402 |
| E Copier Solutions, Inc. | $70,552 |
| Barclay Financial NY | $62,300 |
| Sagat-Burton, LLP | $44,938 |
| Bradley S. Bedell | $44,027 |
| Ballast Management Corporation | $41,243 |
| Brian J. Boder | $38,900 |
| Feintuch Communications, Inc. | $38,827 |
| Chestnut Hill Partners | $37,500 |
| ESM Technology, Inc. | $34,927 |
| Michael Finkelstein | $32,600 |
| Daniel C. Griepenburg | $32,499 |
| Thomas Samar | $28,130 |
| Cents Ability, Inc. | $27,359 |
| Alexander Conti | $21,250 |
| Aspen Capital Solutions, LLC | $20,833 |
| Mashaal & Associates, PLLC | $20,832 |
| The Law Offices of Richard M Block | $20,832 |
| John Parisi | $19,700 |
| Apex Real Estate, Inc. | $17,500 |
| Leon Baburov | $17,027 |
| Aaron Bernthal | $16,750 |
| Pricap Advisors, LLC | $15,600 |
| Timothy Rickard | $13,600 |
| Aspen Technology Solutions -Sba Small 7a Term, LLC | $11,670 |
| Frank Ferri | $11,570 |
| Alec M. Sperandio | $8,700 |
| Enrico Aberion L. Owner | $8,200 |
| Conversus Group, LLC | $5,900 |
| Samuel R. Bienenfeld | $3,575 |
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