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 11975
| Name of Borrower | Current Approved Amount |
|---|---|
| Men at Work Construction Corporation | $603,200 |
| Cedar Design, Inc. | $281,710 |
| GT Power Systems, Inc. | $233,670 |
| J and T Custom Copper Gutters, Inc. | $219,183 |
| Robert E Otto, Inc. | $212,000 |
| Trunzo General Contracting Corporation | $188,317 |
| Greg D'Angelo Construction, Inc. | $188,115 |
| Wainscott Farms, Inc. | $179,700 |
| Sound Aircraft Services, Inc. | $174,682 |
| SRK Pool Services, Inc. | $161,844 |
| Circuit Transit, Inc. | $151,657 |
| Wainscott Dental, Inc. | $147,187 |
| Charles Gallanti, Inc. | $143,595 |
| Local TV, Inc. | $126,699 |
| South Fork Animal Hospital, PLLC | $115,220 |
| CDI Construction Corporation | $114,917 |
| Botanic Nursery, Inc. | $112,400 |
| Mirras Jacoby Levine and Hatgistavrou, Inc. | $108,200 |
| Rumrunner Home, LLC | $107,500 |
| The Seafood Shoppe, Inc. | $106,000 |
| East Hampton Plumbing & Heating Supply, Inc. | $102,700 |
| Deena Zenger, LLC | $100,000 |
| Bit Stream Technologies, Inc. | $86,163 |
| Breadzilla, Inc. | $76,382 |
| James Bishop Electrical Contractor, Inc. | $74,672 |
| Steve Matzen, Inc. | $74,332 |
| Home Sweet Home Moving and Storage Company, Inc. | $72,500 |
| Ogden Property Management OPM, Landlord, Inc. | $55,223 |
| Lee Landscape Design, Inc. | $47,715 |
| Wainscott Hardware, LLC | $43,330 |
| Sound Aircraft Flight Enterprises, Inc. | $41,015 |
| Catering at the Seafood Shop, Inc. | $39,800 |
| Antinque Lumber Modern Millwork, LLC | $36,600 |
| All Natural Services, Inc. | $36,527 |
| Horeb Painting Corporation | $35,476 |
| Cara Mia Pizza, Inc. | $34,387 |
| Wainscott INN Corporation | $32,500 |
| Wainscott Windows & Walls, Inc. | $28,847 |
| 358 Bagel Emporium, LLC | $25,350 |
| Silver Tide Stable, LLC | $22,800 |
| P3 Builder Group, Inc. | $20,832 |
| Patricia M. Loret De Mola | $20,800 |
| Long Island Fitness Training, Inc. | $20,700 |
| Little Miss Goodie Two Shoes, Inc. | $20,000 |
| Garden Angels New York, LLC | $16,900 |
| Abigail Fleming | $16,900 |
| Westhampton Vlllage Cleaners, Inc. | $13,665 |
| Beach Paws, LLC | $10,600 |
| Jamjem, Inc. | $10,261 |
| M Turza Electric | $10,100 |
| Gina Ferrara | $3,250 |
| Cameron Yusko | $2,946 |
| Gafa Painting Corporation | $2,833 |
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