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 18940
| Name of Borrower | Current Approved Amount |
|---|---|
| Newtown Racquetball, Inc. | $1,254,700 |
| Enterra Solutions, LLC | $583,600 |
| Wrightstown Family Medicine, PC | $132,892 |
| Wellness Solution Centers | $73,405 |
| Ferino Bros Service Center | $62,759 |
| Trilogy Partners, LLC | $53,205 |
| New America Power, LLC | $39,906 |
| Enform Graphic Productions, Inc. | $37,700 |
| JDSP Solutions, Inc. | $31,573 |
| Fancy Fig Cafe | $28,918 |
| Mark Zlock Esq. | $28,300 |
| Inspired Fitness, Inc. | $28,261 |
| Inspire Nutrition, Inc. | $27,220 |
| Ryan's Auto Repair, LLC | $26,425 |
| Gutlei, Inc. | $24,853 |
| Christine Cavanaugh | $20,833 |
| MI-Kro Warehousing Services, LLC | $19,167 |
| Wrightstown Self Storage, Inc. | $18,110 |
| Qerak, Inc. | $18,055 |
| Madison Family Dental, LLC | $16,955 |
| Village Library of Wrightstown | $11,495 |
| Crystal Cottage Boutique, Inc. | $9,526 |
| Pats Colonial Kitchen | $9,375 |
| The Silber Group, Inc. | $8,400 |
| Kathleen Dacey | $8,290 |
| Diprinzio Chiropractic, Inc. | $5,417 |
| Global Business Connexions | $2,741 |
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