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.
Top 100 largest PPP loans in 2020 in ZIP Code 70121
| Name of Borrower | Current Approved Amount |
|---|---|
| Hoist & Crane Service Group, Inc. | $7,016,900 |
| Auto-Chlor Services, LLC | $5,829,361 |
| Posigen, Inc. | $2,731,400 |
| Magnolia Community Services, Inc. | $1,541,745 |
| Maxhomes, LLC | $1,354,600 |
| Jefferson Healthcare Center, LLC | $1,059,200 |
| Technical Employment Services, Inc. | $1,007,250 |
| Bertucci Contracting Company, LLC | $785,400 |
| Crane Rehab Center, LLC | $580,900 |
| Gulf States Services Group, LLC | $562,500 |
| American Machinery Movers, Inc. | $550,500 |
| John E. Koerner & Company, Inc. | $501,045 |
| R. J. Tricon Company, LLC | $481,200 |
| A-1 Services, Inc. | $476,900 |
| W. J. S. Enterprises, Inc. | $464,200 |
| Rush Masonry, Inc. | $419,600 |
| Truck & Transportation Equipment Company, Inc. | $417,562 |
| J&S Services, LLC | $410,000 |
| Deep South Blenders, Inc. | $405,800 |
| Mike and Jerry's Auto Parts Company | $402,800 |
| Louisiana Seafood Exchange, Inc. | $401,500 |
| Girl Scouts of Louisiana East, Inc. | $370,365 |
| Nash Heating and Air Conditioning, Inc. | $357,863 |
| Thompson Equipment Company, Inc. | $357,728 |
| Industrial and Mechanical Contractors, Inc. | $342,897 |
| Coe & Company, LLC | $329,000 |
| Fast Tax Service, Inc. | $316,800 |
| Haydel's Bakery | $302,800 |
| General Mill Supplies, Inc. | $301,130 |
| Joval Manufacturing Company, Inc. | $286,400 |
| Sheet Metal Supply, LLC | $276,600 |
| Kevin Clark Electrical Services, LLC | $264,200 |
| Carr Stone and Tile, Incorporated | $264,000 |
| Roubion Construction Company, LLC | $263,700 |
| Jefferson Feed and Garden Supply Company, Inc. | $261,800 |
| Metal Fusion, Inc. | $247,000 |
| CGLM, Inc. | $241,127 |
| Lou Rippner, Inc. | $234,500 |
| Lagarde, Ltd. | $200,000 |
| Penny's Auto Chassis, Inc. | $197,502 |
| Dynamic Health It, Inc. | $192,800 |
| Diamond Food Distributors, Inc. | $191,400 |
| International Wine & Spirits, Inc. | $188,900 |
| Coastal Petroleum Trustee L | $187,900 |
| Highland Commercial Construction, Inc. | $170,400 |
| Nola Wings Elmwood, LLC | $163,123 |
| Perrier Party Rentals | $157,966 |
| WJMB Transport 1, LLC | $152,700 |
| Crescent Multimedia Solutions | $142,488 |
| Maxwindow, LLC | $140,182 |
| Crescent Commercial Construction, LLC | $138,100 |
| Giacona Container Company, Inc. | $137,992 |
| River Road Veterinary Hospital, LLC | $137,100 |
| Mino Marine, LLC | $130,183 |
| Imperial Exterminating Company, Inc. | $128,390 |
| Wholesale Siding Supply, Inc. | $122,400 |
| KTH, LLC | $119,400 |
| ARK Animal Hospital, Inc. | $117,400 |
| Roubion Roads and Streets, LLC | $107,600 |
| Reliable Disposal Company, Inc. | $95,240 |
| Pyramid Audio Productions, Inc. | $93,928 |
| Friedrichs Custom Manufacturing, Inc. | $93,676 |
| A. J. Barcia's Heating and Air Conditioning, Incorporated | $93,522 |
| Pullen Air Conditioning, Inc. | $92,600 |
| Continental Supply House, Inc. | $90,427 |
| Hippie Kitchen, LLC | $90,000 |
| Mardi Gras Wrecker Service, Inc. | $87,945 |
| Available Lighting & Motion Pi | $87,155 |
| Precision Metal, Inc. | $86,788 |
| Bohnenstiehl Electric, Inc. | $85,572 |
| New Orleans Machine & Fab., Inc. | $83,215 |
| Key Electronic Solutions, LLC | $82,012 |
| J. R. A., Inc. | $80,037 |
| Audubon Trace Condominium Association, Inc. | $79,685 |
| J. E. B. Ransone Lumber Company, Inc. | $79,400 |
| Hubig's, LLC | $76,718 |
| Amann & Associates, LLC | $74,483 |
| Delta Flooring, Inc. | $74,000 |
| Berger Investments Group, Inc. | $73,935 |
| A & a Quick Quality Signs, Incorporated | $71,857 |
| Wood's Air Conditioning and Heating, Inc. | $70,800 |
| Nick's Lift Truck Service and Caster Company, Inc. | $70,657 |
| Snowizard, Inc. | $70,600 |
| Canserv, Inc. | $69,900 |
| PM Automotive, LLC | $68,700 |
| Torres Water Company, LLC | $67,356 |
| Charles M. Jouandot LLC D.D.S. | $67,100 |
| RP Associates, Inc. | $66,991 |
| DRP, Inc. | $65,600 |
| Jefferson Auto Service, LLC | $64,600 |
| Nola Rugs, Inc. | $64,600 |
| J. C. T. Construction Company, Inc. | $62,800 |
| Mr. Wheelchair, Inc. | $61,200 |
| Putumayo World Music, Inc. | $60,312 |
| Chase's Landscape Services, LLC | $60,000 |
| Morel & Associates, Inc. | $58,900 |
| Dirty Coast, LLC | $58,875 |
| Propaganda Group, Inc. | $58,400 |
| Access Electrical Contractors, LLC | $56,800 |
| Marvin D. Leblanc Insurance Agency, Inc. | $53,357 |
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