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 10175
| Name of Borrower | Current Approved Amount |
|---|---|
| Mortgage Industry Advisory Corporationo | $2,082,260 |
| Unique Designs, Inc. | $1,560,600 |
| Tilting Point Media, LLC | $1,421,762 |
| Critical Mention, Inc. | $1,039,500 |
| Putney, Twombly, Hall & Hirson, LLP | $958,657 |
| Novus Partners, Inc. | $773,800 |
| Perlman & Perlman, LLP | $587,575 |
| Voz Advisors, Inc. | $549,095 |
| Inkwell Management, LLC | $497,500 |
| Berkman Bottger Newman and Schein | $383,100 |
| S-Docs, Inc. | $328,250 |
| Amity Search Partners, LLC | $269,075 |
| Colonnade Properties, LLC | $245,847 |
| Cafex Communications, Inc. | $234,167 |
| Old Farm Partners LP | $118,000 |
| Jeffrey M Pomerantz PC, D.M.D. | $71,250 |
| Cloudsonet, Inc. | $62,500 |
| Cazzolina Restaurant Corporation | $59,300 |
| MK and Company Furniture Specialists, Inc. | $57,646 |
| Blue Water Construction & Restoration Company | $43,750 |
| Bruce L. Spielman, CPA | $42,600 |
| Manhattan Advisor Group, LLC | $40,994 |
| American Indonesian Chamber of Commerce | $21,100 |
| KB Retail, Inc. | $20,847 |
| Law Offices of Clifford L. Greenberg, P.C. | $20,833 |
| Law Office of Michael C. Levy, LLC | $20,833 |
| Gyftgram Corporation | $20,800 |
| Law Offices of Lord Chester So | $17,500 |
| Dunhill Worldwide | $8,576 |
| Network Inc., D.P.M. | $6,250 |
| Soltas Capital, LLC | $5,737 |
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