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 11794
| Name of Borrower | Current Approved Amount |
|---|---|
| Stony Brook Internists, University Faculty Practice Corporat | $4,903,019 |
| Faculty Student Association at Stony Brook University | $3,627,500 |
| Stony Brook Children's Service UFPC | $2,400,000 |
| Stony Brook Surgical Associates, University Faculty Practice | $1,932,882 |
| Stony Brook Anaesthesiology, University Faculty Practice Cor | $1,622,927 |
| Stony Brook Foundation, Inc. | $1,424,045 |
| Stony Brook Emergency Physicians, University Faculty Practic | $1,360,727 |
| Stony Brook Psychiatric Associates University Faculty Practi | $1,288,297 |
| Stony Brook Radiology University Faculty Practice Corporatio | $1,200,900 |
| University Associates in Obstetrics & Gynecology Univers | $1,192,010 |
| Stony Brook Orthopaedic Associates University Faculty Practi | $683,119 |
| New York Spine & Brain Surgery University Faculty Practi | $563,925 |
| Stony Brook Pathologists, University Faculty Practice Corpor | $543,997 |
| Stony Brook Child Care Services, Inc. | $521,485 |
| Stony Brook Family and Preventive Medicine University Facult | $457,175 |
| Thermolift, Inc. | $453,610 |
| Stony Brook Urology University Faculty Practice Corporation | $366,903 |
| Stony Brook Ophthalmology University Faculty Practice Corporation | $313,282 |
| STS Global, Inc. | $142,900 |
| Intelibs, Inc. | $136,922 |
| Unique Technical Services, LLC | $76,017 |
| Chem3, LLC | $74,700 |
| Brookhaven Technology Group -Sba Small 7a Term, Inc. | $67,905 |
| B'Nai B'Rith Hillel Foundation Stony Brook University | $47,375 |
| Qunnect, Inc. | $42,020 |
| JJ SBM, LLC | $24,016 |
| Melchiorre Management Group, Inc. | $22,117 |
| Ride for Life, Inc. | $4,107 |
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