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 01301
| Name of Borrower | Current Approved Amount |
|---|---|
| Valley Medical Group, PC | $5,000,000 |
| Community Action Pioneer Valley, Inc. | $1,973,000 |
| Bete Fog Nozzle, Inc. | $1,871,000 |
| Sandri Energy, LLC | $1,322,700 |
| The Community Health Center of Franklin County | $940,000 |
| Leader Home Center, Inc. | $815,962 |
| Valley Steel Stamp, Inc. | $750,000 |
| Snow and Sons, Inc. | $732,000 |
| Stoneleigh-Burnham School | $730,000 |
| Pella Products, Inc. | $635,000 |
| Pioneer Valley Photovoltaics Cooperative, Inc. | $622,000 |
| A. R. Sandri | $597,000 |
| Franklin Community Coopertive Corporation | $576,000 |
| Breakaway Retail Enterprises, Inc. | $538,193 |
| WTE Recycling, Inc. | $533,987 |
| Greenfield Carmart, LLC | $526,000 |
| Somerset Long Term Care, LLC | $521,087 |
| Clayton D Davenport Trucking, Inc. | $476,100 |
| Two Fathers, LLC | $460,000 |
| Connecticut Valley Oral Surgery Associates, PC | $460,000 |
| Applied Dynamics Corporation | $448,510 |
| Wood & Wood, Inc. | $435,421 |
| Crocker Communications, Inc. | $410,656 |
| Forza Autogroup, Inc. | $387,312 |
| Dillon Chevrolet, Inc. | $367,000 |
| The Community Young Men's Christian Association of Greenfiel | $365,000 |
| Lifepath, Inc. | $358,600 |
| Hitpoint, Inc. | $356,591 |
| New England Natural Bakers, Inc. | $335,000 |
| Fosters Super Market, Inc. | $325,000 |
| Fox Hopyard Golf Club, LLC | $291,800 |
| Australis Aquaculture, LLC | $287,113 |
| Pioneer Valley Ophthalmic Consultants, P.C. | $262,000 |
| Greenfield Center School, Inc. | $262,000 |
| Sports Medicine, Inc. | $254,537 |
| Aromatic Fillers, LLC | $247,000 |
| Bagley, Goodwin & Hrinda, PC | $243,400 |
| Hangar of Greenfield Enterprise, Inc. | $239,852 |
| Greenfield Glass Company, Inc. | $235,660 |
| Crumpin Fox Club, Inc. | $220,100 |
| Common Media, Inc. | $214,000 |
| The Full Frame Initiative, Inc. | $212,000 |
| Mota Donuts, Inc. | $210,157 |
| Decker Machine Works, Inc. | $201,000 |
| Franklin County Brewing Company, Inc. | $190,000 |
| Greenfield Farmers Cooperative Exchange, Inc. | $181,125 |
| Pierce Brothers Gourmet Distributors, Inc. | $180,000 |
| CNS Outdoor Technologies, LLC | $179,650 |
| Ewing Controls, Inc. | $172,500 |
| Connecticut River Watershed Council, Inc. | $170,000 |
| Silver Screen Design, Inc. | $157,000 |
| Austin Design, Inc. | $154,000 |
| Jones Whitsett Architects, Inc. | $151,000 |
| A Bottle of Bread, Inc. | $145,000 |
| New England Learning Center for Women in Transition, Inc. | $144,000 |
| Quality Cleaning & Restoration, Inc. | $136,000 |
| Girls Club of Greenfield, Inc. | $133,000 |
| Arctic Refrigeration Company, LLC | $130,050 |
| Franklin County Community Development Corporation | $127,000 |
| Real Pickles Cooperative, Inc. | $123,000 |
| Gilmore & Farrell Insurance Agency, Inc. | $121,000 |
| Barry Lundgren, Inc. | $119,392 |
| 66 Greenfield, LLC | $118,057 |
| The Literacy Project, Inc. | $117,000 |
| Premier Bath Systems, LLC | $114,310 |
| Pioneer Valley Veterinary Hospital, Inc. | $110,850 |
| Northeast Sustainable Energy Association, Inc. | $109,000 |
| RCK Enterprises, Inc. | $100,647 |
| Ryan & Casey, Inc. | $95,000 |
| Pioneer Valley Pediatric Dentistry | $92,500 |
| R. G. Penfield & Sons, Inc. | $90,000 |
| Theodore Zervas | $89,780 |
| Denny's Pantry | $89,041 |
| Art's Tire, Inc. | $88,000 |
| J Weeks, Inc. | $86,820 |
| Sofias Pizza, LLC | $84,200 |
| Kostanski Funeral Home, Inc. | $83,000 |
| Artisan Beverage Cooperative | $82,493 |
| Leon L. Sirum & Company, Inc. | $82,100 |
| Village Food Service, LLC | $80,000 |
| Sweethearts of the Rodeo, Inc. | $79,000 |
| Klondike Sound, LLC | $79,000 |
| Greenfield Imported Cars, Inc. | $78,750 |
| DR. Nam Hun Kim, PC, D.M.D. | $77,000 |
| Sandri Realty, Inc. | $76,100 |
| Hole Pie, Inc. | $75,000 |
| Riser., Inc. | $74,900 |
| New England Foil, Inc. | $71,623 |
| Steven Goldsher, D.D.S. | $70,000 |
| Bryan Hobbs Remodeling, LLC | $69,000 |
| Cooke & Jones, Inc. | $68,000 |
| CHI&CHI Restaurant, Inc. | $67,276 |
| CTLS Enterprises, Inc. | $67,000 |
| 155 Current Electric, LLC | $67,000 |
| Shree Brahmani Mataji, Corporation | $65,303 |
| Greenfield Donuts, Inc. | $64,935 |
| Thunderbird Hospitality, Inc. | $62,900 |
| Alber Hearing Services, P.C. | $61,000 |
| Dkemp, LLC | $60,000 |
| LLMT, LLC | $58,236 |
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