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 44610
| Name of Borrower | Current Approved Amount |
|---|---|
| Berlin Village Gift Barn, Ltd. | $315,000 |
| MT Services, Inc. | $207,600 |
| BW5, Ltd. | $166,400 |
| Sol's, Inc. | $90,000 |
| Dutch Heritage Farms, Inc. | $72,500 |
| M & W Lumber, Ltd. | $61,000 |
| Der Bake Oven, Inc. | $57,900 |
| Berlin East of Chicago Pizza, LLC | $56,000 |
| Berlin Chiropractic Health Clinic | $53,700 |
| Premier Enterprises, Inc. | $51,800 |
| Berlin Antique Mall, LLC | $42,000 |
| Shoemaker Custom Apparel, LLC | $40,700 |
| The Crust Baking Company, LLC | $40,400 |
| Gospel Book Store, LLC | $35,800 |
| Pams Place | $20,800 |
| Yummy's Frozen Yogurt, Ltd. | $20,100 |
| Berlin Creek Gallery, Inc. | $11,400 |
| Falcon5, LLC | $10,600 |
| Nature Blessing, Inc. | $7,900 |
| Country from the Heart | $7,800 |
| Lucas Mast | $6,700 |
| Treasures Furniture, LLC | $6,200 |
| Peak Physical Performance & Wellness, LLC | $5,700 |
| Beach Club Tanning of Berlin, LLC | $5,307 |
| Beeyond 1817 | $3,800 |
| Tereasa Stutzman Beautician | $2,600 |
| JJ Jewelry | $2,300 |
| Sonya K. Stutzman | $2,100 |
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