The Paycheck Protection Program (PPP) provides loans to small businesses affected by the COVID-19 pandemic. Companies with less than 500 employees, sole-proprietorships, independent contractors or self-employed individuals may 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.
Top 100 largest PPP loans in 2020 in ZIP Code 37416
| Name of Borrower | Current Approved Amount |
|---|---|
| Quantum Restaurants, LLC | $2,791,800 |
| Mike Collins & Associates, Inc. | $1,089,581 |
| Ficom Group, Inc. | $997,760 |
| Fulmer Concrete Finishing Company, Inc. | $907,900 |
| Coast2coast Survey Corporation | $800,490 |
| Viatek Consumer Products Group, Inc. | $664,292 |
| Erwin Marine Sales, Inc. | $635,819 |
| Combustion & Control Solutions, Inc. | $588,000 |
| Icon Air & Mechanical Services | $571,035 |
| Southern Fluidpower, Inc. | $566,800 |
| Cleveland4, LLC | $484,826 |
| Diversified Companies, LLC | $483,540 |
| Tri-State Drilling, LLC | $427,404 |
| Lynskey Performance Products, LLC | $409,845 |
| Flaming Cactus, LLC | $406,358 |
| Bacon Enterprises, Inc. | $357,708 |
| Integrated Networking Technologies, LLC | $311,645 |
| Blue Line Innovations Holdings, LLC | $304,747 |
| Clarity Products, LLC | $270,000 |
| Tri-State Government Services, Inc. | $247,862 |
| Inview Graphics Corporation | $236,767 |
| Waters Edge 94, LLC | $220,000 |
| Metro Lawn Care, LLC | $193,050 |
| The Greater Chattanooga Public Television Corporation | $178,617 |
| Aroma Release Technology, Inc. | $178,158 |
| Dinner Delivered | $177,725 |
| Robert J Gallien PLLC D.D.S. | $168,819 |
| National Center for Youth Issues | $167,810 |
| Matrix Separations, LLC | $160,600 |
| Management Recruiters of Chattanooga-Brainerd, Inc. | $157,060 |
| Heritage FG, LLC | $151,619 |
| Interior Trim and Supply, Inc. | $150,373 |
| RBCB, Inc. | $148,017 |
| Tennessee Enterprises, Inc. | $145,500 |
| The Marsh Group, Inc. | $140,068 |
| White's Cycle & Marine, Limited Liability Company | $135,700 |
| Northgate Electric Doors | $133,725 |
| MC Builders, LLC | $132,700 |
| Rardin & Carroll Architects, Inc. | $129,063 |
| Sports Spectrum, LLC | $128,966 |
| Espin Technologies, Inc. | $120,485 |
| Hallmark Insurance & Risk Management Solutions, Inc. | $120,000 |
| Rivercity Consulting Services, LLC | $104,250 |
| Window World of Chattanooga | $97,750 |
| Kleen Chattanooga, Inc. | $93,622 |
| Peak Performance, Inc. | $92,097 |
| Applied Thermal Systems, Inc. | $91,303 |
| Apparel Embroidery, Inc. | $87,891 |
| Carter Heating and Air, Inc. | $86,795 |
| Forester Solutions, Inc. | $85,800 |
| Ankar's Hoagies No. 2, LLC | $84,552 |
| Schultz and Associates, Inc. | $82,600 |
| Ribbon and Bows OH My, Inc. | $79,800 |
| Scenic City Medical Equipment | $75,000 |
| D & N Transportation, Inc. | $71,750 |
| CHG Solutions, LLC | $69,500 |
| Bavarian Auto, Inc. | $68,700 |
| Mount Canaan Baptist Church | $68,180 |
| Autism & Behavior Services | $66,035 |
| Chattanooga Granite and Marble, LLC | $62,405 |
| Aluma Window Company, Inc. | $59,100 |
| CTC of Chattanooga, Inc. | $58,900 |
| Legacy Dental Group, PLLC | $58,775 |
| Fuerst and Associates, Inc. | $57,158 |
| T & C Cycle, LLC | $57,067 |
| Healthcare Billing Services, Inc. | $57,000 |
| Moulds Family Dentistry, LLC | $56,323 |
| German Autohaus, LLC | $55,705 |
| Dentistry of Chattanooga, PLLC | $54,915 |
| Daanish 107, LLC | $54,363 |
| Michael White | $53,388 |
| Excellus Communications, LLC | $52,700 |
| Turner Funeral Home, Inc. | $50,000 |
| Highway 58 Liquors | $46,494 |
| Kleen of Tennessee, Inc. | $45,475 |
| River City Cleaning and Restoration, Inc. | $43,900 |
| Byrdnest, Inc. | $41,668 |
| Detailxperts Franchise Systems, LLC | $41,600 |
| Action Graphics, Inc. | $37,718 |
| CS&S Acquisition | $36,905 |
| St. John United Methodist Church | $36,527 |
| Shakti Drugs | $35,389 |
| Biz3, LLC | $35,000 |
| H&K of Chattanooga Corporation | $34,946 |
| Dinner Delivered Enterprises, LLC | $34,317 |
| Connect Sports, LLC | $32,575 |
| Premier Medical Aesthetics | $32,239 |
| Chattanooga Yacht Club | $31,400 |
| Action Mail Presort, Inc. | $29,440 |
| Southern Thread, Inc. | $26,603 |
| Walter Champion Company, LLC | $23,911 |
| Brandon Farrow State Farm Agency, LLC | $23,633 |
| Chattanooga Safety, LLC | $22,700 |
| Detailxperts of Greater Chattanooga, LLC | $22,400 |
| Jacqueline Bridges | $20,833 |
| Champion Services, LLC | $20,833 |
| Campsite Sleepovers & Events | $20,833 |
| Gregory Hill | $20,833 |
| CMHB, LLC | $20,833 |
| Geoffrey Farmer | $20,832 |
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