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 11954
Name of Borrower | Current Approved Amount |
---|---|
Gurney's INN Resort and Spa, LLC | $3,738,700 |
32 Star Island Associates, LLC | $1,093,500 |
Salt Beach, Inc. | $940,086 |
James C. Grimes Land Design, Inc. | $658,200 |
Bob Gosman Company, Inc. | $563,500 |
Mickey's Carting Corporation | $562,000 |
JC Hospitality, LLC | $469,035 |
Montauk Manor | $427,000 |
Gosman's Restaurant and Bar, Inc. | $354,700 |
The Other Side at Inlet Seafood, Inc. | $347,544 |
Navy Beach Group, LLC | $306,107 |
Ocean Beach Resort, Ltd. | $296,800 |
Rick's Food Service., Inc. | $277,787 |
Mickeys Lawnscapes, Inc. | $262,200 |
Sole East, LLC | $257,317 |
Double K Management Corporation | $252,983 |
Start Hatching, Inc. | $223,104 |
Prado Brothers Plumbing & Heating, Inc. | $214,500 |
Montauk Lake Club II, Inc. | $213,666 |
148 South Emerson Associates, LLC | $211,000 |
Shali Corporation | $200,930 |
TMBH Services Holdings, LLC | $198,739 |
Eastern Long Island Yacht Sales | $190,200 |
Montauk Anglers Club %26 Marina, LLC | $180,450 |
Out East Restaurant Group | $169,500 |
Montauk Brewing Company, Inc. | $167,200 |
668 the Gigshack | $153,800 |
Pipe Masters Plumbing, Inc. | $150,000 |
Montauk Plumbing & Heating, LLC | $148,000 |
Shaggy Shag, LLC | $146,324 |
Dockside Tavern, Ltd. | $145,800 |
Fooshiefeeds, LLC | $144,447 |
Montauk Marine Basin, Inc. | $135,000 |
Not a Fluke, Inc. | $133,332 |
Montauk Historical Society | $128,500 |
David Rivkind Landscaping, LLC | $126,480 |
Oceanside Owners, LLC | $124,821 |
Rianda S Fisheries | $108,825 |
Tauk at Trail's END Corporation | $104,425 |
Ditch Plains Restaurant Corporation | $100,000 |
Montauk Dental, P.C. | $99,275 |
PDL Drug Store, Inc. | $92,980 |
Naturally Great Food, Inc. | $92,000 |
Biondo & Hammer, LLP | $81,826 |
Montauk Flighthouse, LLC | $81,000 |
Marshall & Sons Service Station, Inc. | $80,500 |
GSCR, LLC | $73,060 |
Bemka, Inc. | $72,130 |
Concerned Citizens of Montauk, Inc. | $72,015 |
Uihlein Marina/boat Rental, Inc. | $71,800 |
East END Marina, Inc. | $67,087 |
Hartman's Briney Breezes Motel, Inc. | $66,198 |
The Market Montauk Corporation | $64,337 |
Greystone Administration, LLC | $63,750 |
Kenny's Tipperary INN, Inc. | $63,100 |
Sands Motel, Inc. | $62,100 |
Francarl Realty Corporation | $62,082 |
John Ward Plumbing & Heating, LLC | $61,815 |
Daunts Resort Motel Management | $61,000 |
Blue Spartan, LLC | $60,800 |
668 Food, Ltd. | $59,820 |
Rough Riders Landing Home Owners Associations, Inc. | $59,800 |
Tranquil Waters, Inc. | $59,000 |
The Rutskis, Inc. | $58,875 |
DCB Elmwood, LLC | $56,243 |
Double J Service Corporation | $55,255 |
Hammerhead Construction of Montauk, Inc. | $55,000 |
Roman Catholic Church St. Therese of Lisieux | $54,200 |
The Mer Service Corporation | $53,000 |
Lighthouse Land Planning, LLC | $52,158 |
The Montauk Catamaran Company, LLC | $51,765 |
Montauk Inlet Seafood, Inc. | $51,208 |
James Walsh Land Surveyor, PC | $51,200 |
BSMR Pizza Enterprises, Inc. | $50,767 |
Montauket Hotel, Inc. | $50,700 |
Law Office of Frederick M Oberlander, PC | $50,000 |
Marshall and Sons Fuel Oil, Inc. | $49,400 |
Peter Joyce Seaside Landscaping and Pools, Inc. | $49,300 |
Peggy's Corporation | $49,200 |
Daniel H Boerem & Son, Inc. | $48,750 |
Knowledge Transfer Group, Inc. | $47,460 |
Pathfinder Country Day Camp @ Montauk, Inc. | $47,061 |
Indigo Fuel, Ltd. | $46,800 |
Montauk Goddes, Inc. | $46,200 |
Lucien Smith Studio, Inc. | $46,200 |
Royal Atlantic Corporation | $44,997 |
Ocean Resort INN L. P. | $43,200 |
R. L. Weiss Enterprises, Inc. | $42,315 |
F/V Jolly Roger, LLC | $42,235 |
90 SHR Management, LLC | $41,668 |
L & G Fisheries, LLC | $41,665 |
Prism Construction Corporation | $41,315 |
Viking Starship, Inc. | $40,408 |
Force Blue, Inc. | $40,000 |
Sean Tyrrell, Inc. | $39,400 |
Celtic Keystone, Inc. | $38,350 |
Eurell, Inc. | $38,267 |
Conroy Builders, Inc. | $36,977 |
King Integrated Solutions, Inc. | $36,975 |
All in One MTK. Quality, Inc. | $36,482 |
Magnolia Landscaping, Inc. | $35,737 |
Scheman & Grant Lighting, LLC | $35,657 |
The Montauk Playhouse Community Center Foundation, Inc. | $35,217 |
Bas Montauk Corporation | $34,523 |
Montauk Circle Burger Corporation | $34,262 |
Lighthouse Landscaping, LLC | $34,067 |
Chris Behan Construction Company, Ltd. | $33,730 |
Pomianowski Painter, Inc. | $33,270 |
Montauk Pool and Spa, Inc. | $33,223 |
J & P Pools Construction, Inc. | $33,100 |
DSM Home Renovations Corporation | $31,352 |
F/V Lady K, LLC | $30,917 |
Atlantikos, Ltd. | $30,722 |
Unisource Global Solutions, LLC | $30,005 |
Montauk Management Group, LLC | $30,000 |
Montauk Community Church | $29,500 |
Royal Atlantic North Corporation | $28,845 |
70th Street Trading Corporation | $28,750 |
Marianna Fiorin Interiors, LLC | $28,500 |
Resolution Joe's Carpentry, Inc. | $28,415 |
Fort Pond Native Plants, Inc. | $28,200 |
Michael Kinney Printing, Inc. | $28,077 |
F/V Sea Capture, Inc. | $28,000 |
TTS Montauk, LLC | $27,750 |
Montauk Clothing Company | $27,500 |
Anthonys Pancake, LLC | $26,872 |
Coreyswave | $26,577 |
Allen W. Adamcewicz Landscaping Services, Inc. | $26,500 |
Finest Kind Wines and Liquors, Inc. | $26,297 |
Snug Harbor, LLC | $25,712 |
Gordon Ryan | $25,310 |
John Scollan, Inc. | $25,000 |
Alex Streeter, LLC | $25,000 |
Blumenfeld & Fleming, LLC | $24,790 |
Prima Montauk Corporation | $24,195 |
Blue Water Fisheries, Inc. | $23,957 |
Montauk Fish Dock, Inc. | $23,600 |
Jav 5 Foods, LLC | $23,227 |
M. Q. Fisheries, Inc. | $22,100 |
Creative Greenery, Inc. | $22,000 |
Proximity Venture | $21,693 |
Patrick Wetzelpool Service, Inc. | $21,200 |
Evening Prayer, Inc. | $20,900 |
Grey Lady East, LLC | $20,885 |
Green Room Fisheries Corporation | $20,833 |
Laura Berland | $20,833 |
Judge Kirby Design, LLC | $20,833 |
Meghan Walsh Pt | $20,832 |
Quantum Sound Systems, Inc. | $20,832 |
Monte & Monte Real Estate, LLC | $20,832 |
Henry Lackner Jr. | $20,832 |
Cynthia Ceva | $20,832 |
Henry Lackner | $20,832 |
Thomas Lavin Construction | $20,800 |
Ketan Seetha | $20,800 |
Native Electric, Inc. | $20,362 |
Walter Iooss, Inc. | $20,270 |
Offshore Fishery, Inc. | $20,157 |
All Day MTK, LLC | $19,942 |
Arlen Allen | $19,300 |
Sunrise Guest House, LLC | $18,750 |
Sail Montauk, LLC | $18,750 |
Martha Greene Real Estate, LLC | $18,535 |
57 Kirk Avenue Food, LLC | $18,467 |
Rain Dance Sprinklers & Irrigation, Inc. | $18,300 |
The Stanich Group, LLC | $18,182 |
Montauk Sun, Ltd. | $16,890 |
Montauk Beach Store, LLC | $16,730 |
Hamptons Quality Heating and Cooling, LLC | $16,271 |
DT Fisheries, Inc. | $16,250 |
East END Rotisserie & More, Inc. | $15,875 |
Meberg&pedersen Builders, Inc. | $15,420 |
Kai-Kai, LLC | $15,202 |
East Hampton Physical Therapy, PLLC | $15,000 |
Ron Sullivan Welding Corp. | $15,000 |
Linda Burkhardt, Inc. | $14,582 |
Deep Hollow Ranch Corporation | $14,300 |
MTK Lobster House, LLC | $14,243 |
Mtkrough, LLC | $14,227 |
R2MP, Ltd. | $13,900 |
Fortress Sound and Security | $13,900 |
Rip Tide Builders, Inc. | $13,840 |
High Point Building Construction, Inc. | $13,700 |
T. S. Home Maintenance, Inc. | $13,562 |
Evan Harrel | $13,283 |
Lois Moore | $13,000 |
Selene Garcia | $12,917 |
Poseidon Clam and Fish Company, Inc. | $12,900 |
Lea B. Winkler, Inc. | $12,420 |
Vivien Ramsay Studio, Inc. | $12,300 |
Jackson Fisheries, Inc. | $12,250 |
Montauk Point Builders, Inc. | $12,027 |
Sherry Tauber | $11,512 |
Barbara Joan Fisheries, Inc. | $11,200 |
Montauk Salt Cave | $11,000 |
Creative Edge Studio, Inc. | $10,587 |
Gogo & Moore, LLC | $10,300 |
Hampton Management Group, Inc. | $9,905 |
Twin Pond Motel Corporation | $9,600 |
F & M Forbes Productions, Inc. | $9,375 |
Troopor, Inc. | $9,200 |
William Grimm | $8,242 |
Susie-E, LLC | $8,125 |
Long Island Communities of Practice, Inc. | $8,100 |
Blue Fin IV, Inc. | $8,000 |
Montauk Lighthouse Laundromat, Inc. | $7,900 |
No Holiday Painting, Inc. | $7,547 |
Julie Evans | $7,435 |
Sea Wife Fisheries, Inc. | $6,562 |
Montauk Market 805, Inc. | $6,464 |
Gveret Goren Ventures, LLC | $6,285 |
Village Consulting, Inc. | $6,250 |
Brian King | $6,200 |
Montauk Dazies, Inc. | $6,112 |
Roxanne Espantman | $6,111 |
Carl Grimm | $5,512 |
The ENDZ | $5,505 |
Travis Kelly | $5,494 |
Schorr Caretaker Services, Inc. | $5,415 |
Mcgowin's Garden Center, Inc. | $5,142 |
JDB Mediation, LLC | $5,100 |
Farnham Fishing Corporation | $5,000 |
Fishing Vessel Windy, Inc. | $4,929 |
Maidstone Equities, LLC | $4,715 |
Gallop Painting, Inc. | $4,000 |
Quilazo, Inc. | $3,307 |
Kailani Montauk, Inc. | $3,200 |
The END Taxi, Ltd. | $3,000 |
Donald Newman | $2,807 |
East END Marine Towing, Inc. | $2,602 |
Rosemary Grimm | $2,030 |
Jason Grimm | $1,800 |