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Suffolk Reporter

Thursday, November 7, 2024

2020: 26 PPP loans provided to small businesses in ZIP Code 11965

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There were 26 PPP loans provided to small businesses in 2020 in ZIP Code 11965, according to the US Small Business Administration.

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 11965

Name of BorrowerCurrent Approved Amount
North Ferry Company, Inc.$920,100
Mullen Motors, Inc.$449,000
The Beach House, LLC$370,300
J. W. Piccozzi, Inc.$219,410
Liberty Lawn and Landscape, LLC$142,060
Scott, Ofrias & Scott, Inc.$111,500
Foils %26 Follies, LLC$99,308
Reich/eklund Construction, Inc.$95,037
Shelter Island Heights Property Owners Corporation$69,400
Springer Property Management, LLC$60,200
Bkit Holdings, LLC$41,787
The Homestead Garden & Design$36,200
Reza Nouranian Design$20,833
Teodoru Plumbing, Inc.$19,100
G' N Kenk Enterprise, Inc.$15,167
Longevity Point Advisors, LLC$14,942
Shelter Island Municipal Golf Course, Inc.$14,300
Sweetie, Inc.$14,000
Island Antique and ART Gallery, Inc.$7,755
Olinkiewicz Contracting, Inc.$4,700
Parrish Properties, Inc.$4,167
William Hannabury$3,900
Stearns Point Properties, Inc.$3,800
Paint Chip, Inc.$3,700
W. E. Rest., Inc.$3,615
Planet Bliss, Inc.$2,042

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