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 18801
| Name of Borrower | Current Approved Amount |
|---|---|
| Endless Mountains Health Systems, Inc. | $1,592,300 |
| Trehab | $972,500 |
| Pump N Pantry, Inc. | $874,900 |
| Joe Hunt & Associates, P.C. | $834,460 |
| Andre & Son, Inc. | $718,900 |
| RHL Companies, Inc. | $677,804 |
| Diaz Manufacturing, LLC | $608,600 |
| Hinds Oil Company, Inc. | $478,600 |
| Lattner Enterprises LL | $412,900 |
| Natstone, LLC | $403,560 |
| Golis Mahcine, Inc. | $368,800 |
| Lattner Enterprises of NY., LL | $302,700 |
| L & D Stoneworks, Inc. | $256,634 |
| Montrose Auto Parts, Inc. | $242,737 |
| Bridgewater Baptist Church of Montrose Pennsylvania | $227,766 |
| Spectrum Electrical Services, Inc. | $221,700 |
| Relentless Assets No. 1, LLC | $215,000 |
| The Sipe Agency, Inc. | $171,283 |
| Ronald Opeil Flagstone Company, LLC | $169,200 |
| Resource Environmental Management, Inc. | $157,300 |
| Montrose Broadcasting Corporation | $127,500 |
| Susquehanna County Historical Society & Free Library Associa | $124,300 |
| Endless Mountains Energy Partners, LLC | $119,100 |
| GL Parrish, Inc. | $110,000 |
| Endless Mountains Motors, Inc. | $103,800 |
| Progressive Dental of Montrose, LLC | $92,912 |
| Montrose Minute Men, Inc. | $90,400 |
| Briechle Law Offices, PC | $86,491 |
| Town & Country Veterinary Services, PC | $73,629 |
| Broadline Construction, Inc. | $72,869 |
| Commonwealth Charitable Management | $69,300 |
| Leatherstocking Gas Company, LLC | $65,491 |
| Timberline Lawn & RV, Inc. | $64,400 |
| Giangrieco Law, PC | $63,100 |
| Southtown Veterinary Hospital, Inc. | $62,900 |
| Chocolates by Leopold, Inc. | $60,900 |
| Montrose Bible Conference Association | $56,400 |
| A-One Machine, LLC | $54,500 |
| New Shoe Store Plus | $53,100 |
| Massimos Original Italian Pizza | $51,579 |
| The INN at Montrose, Inc. | $51,400 |
| Danz Automotive Service and Repair | $51,000 |
| Sterling Wealth Management | $49,800 |
| Scarfalloto Enterprises, LLC | $46,411 |
| Susquehanna County Interfaith | $46,200 |
| Daniel R Ricci JR Insurance Agency, Inc. | $45,000 |
| Ken Rauch Excavating, Inc. | $42,000 |
| Little and Nelson, Inc. | $39,490 |
| Montrose Beverage Corporation | $38,100 |
| JB Bluestone, Inc. | $36,700 |
| Michael Spataro, D.M.D. | $36,147 |
| Northeast Stone Works, Inc. | $33,700 |
| Griffis Construction, LLC | $32,900 |
| Warner Quarry, LLC | $31,600 |
| Castrogiovanni Agency, Inc. | $29,580 |
| Griffis, Robert T. And Sons, Inc. | $29,400 |
| Holbrook Landscaping, LLC | $28,600 |
| Brace Construction, LLC | $26,900 |
| Paul Augenti Plumbing Heating and Pump Systems | $26,700 |
| TNT Services Corporation | $26,500 |
| One Way, Inc. | $22,940 |
| David J Rechlicz, D.M.D. | $22,500 |
| Stalker Equipment, Inc. | $21,700 |
| Lisa and Vic's | $21,700 |
| Mountain Aire Cottage Care | $21,500 |
| T & S Tax, Inc. | $21,163 |
| Shashank Bhatt, P.C. | $20,833 |
| Joseph Speicher | $20,800 |
| Timothy M. Smith | $20,500 |
| Mott Hill, LLC | $19,912 |
| Wilcox's General Services, LLC | $19,900 |
| Holy Name of Mary Catholic Church | $19,800 |
| Button-Weller Chiropractic DC, PC | $19,800 |
| Jennifer Clifford | $19,600 |
| Care Net Pregnancy Center of Nepa | $19,200 |
| Agawam Farms, LLC | $18,050 |
| First Presbyterian Church of Montrose | $18,000 |
| Andrew Hawley | $16,900 |
| Montrose Machine Works, Inc. | $16,900 |
| Tim Carpenter Agency | $16,800 |
| Surgical Innovations, Inc. | $16,600 |
| Susan G. Stephens | $16,200 |
| John McNamara | $16,100 |
| Timothy McNamara | $15,700 |
| Sprouse Landscape Services, LLC | $14,763 |
| Pennypacker Welding, LLC | $14,700 |
| Petersen Homestead Farm, LLP | $14,100 |
| Lindsey Bonnice, LLC | $14,039 |
| The Body Therapy Studio | $11,600 |
| Bradley Adleman | $11,331 |
| Across Country Real Estate | $11,070 |
| Susquehanna Disposal, Inc. | $11,000 |
| Shawnee Boys Garage, LLC | $10,600 |
| Ely Enterprises, Inc. | $8,300 |
| John R Dean Attorney | $8,300 |
| Suzanne Maxey | $7,987 |
| St. Pauls Episcopal Church | $6,900 |
| Jared Traverdba Traver Construction | $6,000 |
| Action Cleaning and Equip of Nepa | $5,700 |
| Innovation Chiropractic & Wellness, LLC | $5,500 |
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