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 11955
| Name of Borrower | Current Approved Amount |
|---|---|
| Ninety Five South, Inc. | $1,112,500 |
| Uptempo Marketing Corporation | $1,000,000 |
| GC Diner Group, LLC | $350,115 |
| Colonial Youth and Family Services, Inc. | $221,300 |
| Green Leaf Cabinet Corporation | $97,050 |
| Luna Mesa Day Spa, Inc. | $82,345 |
| Michelle Musetti PT, PC | $79,800 |
| National Homefinders M&D Properties, Inc. | $72,288 |
| Smna Corporation | $67,800 |
| Garrettson Construction Corporation | $66,900 |
| The Weight Room Plus Wanda's Workout, Inc. | $65,065 |
| Hampton Landscape Supply, Inc. | $61,250 |
| Consumer Advertising and Marketing, Inc. | $60,707 |
| Mourgo, LLC | $59,800 |
| Austino, Inc. | $58,155 |
| LA Buena Vida, LLC | $46,100 |
| Ritefire Burner Service, Inc. | $32,675 |
| Moriches Vision Center, Inc. | $31,656 |
| Louis R. Macdonald, P. C., D.P.M. | $29,400 |
| Barrell's East Corporation | $24,500 |
| HBE Consulting, LLC | $20,833 |
| Surfside Environmental Planning -Sba Small 7a Term, Inc. | $20,802 |
| Michael Gilmartin | $20,700 |
| B & R Kempo, Inc. | $20,000 |
| New York HR Management Services, LLC | $19,237 |
| South Shore Kitchen Designs, Inc. | $18,236 |
| Bernies Family Pizzeria, Inc. | $16,330 |
| Gutter Helmet of Long Island Corporation | $15,525 |
| Melrose Fintech Ventures, LLC | $14,192 |
| Moriches Collision, LLC | $13,300 |
| Moriches Midway Automotive Repair Corporation | $11,250 |
| Nancy Mark | $10,485 |
| Glen Mark | $10,485 |
| Rapid Fire Arena, Inc. | $9,800 |
| Dimar Deli Corporation | $9,500 |
| Dylan Lackner | $9,307 |
| Century 21 Cor-Ace Realty, Inc. | $9,200 |
| Max-Air Systems, Inc. | $8,287 |
| Thomas Kaufman Hardwood Flooring, Inc. | $6,990 |
| Kelly Hulse | $6,100 |
| Atlantic Marine Depot, Inc. | $5,597 |
| John Campo | $3,470 |
| Island Green Contracting, Inc. | $2,915 |
| Andare Sales, Ltd. | $1,055 |
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