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 |
|---|---|
| Tri-State Truck Center, Inc. | $4,862,400 |
| Tri-State Armature & Electrical Works, Inc. | $2,101,500 |
| Farrell Calhoun, Inc. | $2,092,700 |
| Lemoyne Owen College | $1,554,400 |
| Knight & Wilson, Inc. | $1,553,700 |
| Memphis Health Center, Inc. | $1,442,000 |
| Standard Electric Company, Inc. | $1,355,600 |
| Maco Transportation, LLC | $781,460 |
| Metropolitan Inter Faith Association | $779,536 |
| Historic Pentecostal Temple Church of God in Christ | $671,456 |
| Southern Leather Company | $308,800 |
| MTE, LLC | $266,900 |
| Knowledge Quest | $246,400 |
| Self Tucker Architects, Inc. | $235,000 |
| Advance Memphis | $221,000 |
| Girls Incorporated of Memphis | $220,447 |
| Premier Transportation Service, Inc. | $197,894 |
| Imports of Memphis, LLC | $194,112 |
| Ambassador Management, LLC | $179,205 |
| Streets Ministries, Inc. | $159,322 |
| Jiff, Inc. | $148,920 |
| Machinery Sales Company, Inc. | $142,100 |
| Jim Williams Sign Company, Inc. | $132,405 |
| Smith Fixture Company, Inc. | $118,000 |
| Prentice Machine Works, Inc. | $116,625 |
| Budget Auto Sales of Memphis, Inc. | $113,409 |
| Wayne's Candy Company, Inc. | $106,400 |
| ACC Rebuilders, Inc. | $93,892 |
| Planet Packaging, LLC | $93,000 |
| Tom Martin's, Inc. | $91,700 |
| Jimmy Wings | $89,800 |
| Metropolitan Baptist Church of Memphis, Tennessee, Inc. | $80,000 |
| New Glory Preparatory & Learning Center | $70,530 |
| Explore Bike Share, Inc. | $66,513 |
| Northern, Inc. | $66,500 |
| Memphis Delta Tent & Awning | $60,000 |
| United Rubber Die Service, Inc. | $59,762 |
| MC Outreach Learning Center | $58,133 |
| The Cyber Yard Com, Inc. | $52,193 |
| Memphis Tilth | $48,402 |
| Med-Net Healthcare Affiliates, PC | $46,400 |
| Donnie A. Sowell | $46,300 |
| The Four Way, LLC | $46,255 |
| Paradox Catering & Consulting, LLC | $40,012 |
| Cash & Carry Memphis 1, LLC | $39,900 |
| Trinity Services Corporation | $35,800 |
| Roy Hudson | $34,562 |
| St. Patrick Catholic Church | $33,797 |
| Affordable Cleaning Service | $33,770 |
| Jubilee Broadcasting Network, LLC | $31,562 |
| Pyramid Sign and Awning, Inc. | $29,268 |
| TRI State Recondition Cars, LLC | $27,290 |
| Emmanuel Center, Inc. | $26,900 |
| Erica Webber | $20,833 |
| Lawn Care | $20,833 |
| Audrey Lindsey | $20,833 |
| Keith Dotson | $20,833 |
| Butta Cakes | $20,833 |
| Total Tax Solutions | $20,800 |
| Deauxp Cosmetics | $20,529 |
| Prestigious Learning Academy | $20,520 |
| Gordans Trucking | $20,387 |
| 1 Brand Auto Repair Service | $20,060 |
| Joyce Aldridge | $20,052 |
| Andria's Cleaning Service | $20,000 |
| Robert Lee Hair Creation's | $20,000 |
| Greg Brooks on Time Cleaning | $20,000 |
| Genoe Miller | $20,000 |
| Events by Tonisha | $19,995 |
| Patrick Thomasson | $19,515 |
| MT. Olive Cathedral C. M. E. Church | $19,360 |
| Smileys Professional Moving Company | $18,867 |
| Joseph Jones | $18,683 |
| Corporate Network Services, LLC | $18,207 |
| Parish Transmissions, Inc. | $17,267 |
| Corner Express Grocery, Inc. | $17,202 |
| Imran Alwageeh | $16,900 |
| Urban Community Ministries | $16,573 |
| Dominique Worthen | $16,316 |
| Britney Harris | $15,632 |
| Tonya Anderson | $15,000 |
| Tete Retail Boutique | $14,895 |
| Monique Deberry | $14,790 |
| Odessa's Foster Care Homes, Incorporated | $13,750 |
| The Employment Solution, LLC | $12,900 |
| Roy Hudson | $11,262 |
| Bantry Safetly Consultants | $10,500 |
| M & M Customs | $8,832 |
| Wholesale Auto Dealer of Memphis, LLC | $8,300 |
| Thelundonhouse | $8,300 |
| C&J Property Hub, LLC | $6,828 |
| Yvonne Bobo Studio | $6,660 |
| Teryy Lynn | $4,045 |
| Warner Temple Ame Zion Church | $2,870 |
| Lavarsha Hearon | $2,584 |
| Beverly L. Lacey | $2,353 |
| Right on Time Enterprises | $2,311 |
| Complete Custom Auto Service | $2,200 |
| Princeton Echols | $1,905 |
| Raven Starks | $1,582 |
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