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 73858
| Name of Borrower | Current Approved Amount |
|---|---|
| Infinity Capital Group 2, LLC | $2,410,700 |
| Newman Memorial Hospital | $717,000 |
| ALLS Grocery, Inc. | $370,000 |
| Shattuck Nursing Center, Inc. | $267,200 |
| Jess Wales Chevrolet Corporation | $185,000 |
| Ellis County EMS | $131,575 |
| Shattuck Pharmacy Management, PC | $104,000 |
| Ellis County Animal Hospital, Inc. | $75,220 |
| Newman Physicians' Group, Inc. | $56,169 |
| Shattuck Sonic Drive-in Management, LLC | $55,000 |
| Gustos Italian Grill and Pizza | $50,000 |
| El Tipi, LLC | $44,000 |
| Lee Roberts the Diesel Doctor, LLC | $38,000 |
| Anchor Uniform Services, LLC | $31,900 |
| MDBB, LLC | $27,000 |
| Dash Parking Lot Services, LLC | $24,010 |
| Education's Cafe | $23,347 |
| Shattuck Lumber & Hardware, LLC | $14,000 |
| William Earl Frazier | $11,900 |
| Clark Tire, LLC | $10,720 |
| Gage Shattuck Church of Christ, Inc. | $10,692 |
| Lindsey's Liquor | $8,761 |
| Brannock Consulting, LLC | $8,600 |
| McKenzie Pshigoda | $8,000 |
| Berends Financial, PLLC | $7,643 |
| Sharon Bradshaw and Chip Schultz, General Partnership | $7,021 |
| Shattuck Auto Supply | $7,000 |
| Janna Noland, CPA | $7,000 |
| Kies Auto Rebuilders, LLC | $6,600 |
| Holiday Motel | $6,500 |
| Heavy Enterprises, Inc. | $6,000 |
| All Stars Gymnastics, Cheer & Dance | $6,000 |
| Deals a Dazzle | $5,265 |
| Rhonda Searcy | $4,600 |
| R & R Massage | $4,600 |
| Cornerstone RX, LLC | $4,300 |
| Jennifer L. Kaiser | $4,300 |
| Shattuck Senior Citizens, Inc. | $4,000 |
| Shattuck Church of Nazarene | $3,125 |
| Turning Pointe Dance Studio | $2,900 |
| Country Comb | $1,867 |
| Walton Machine & Heli-Arc, Inc. | $1,300 |
| Oklahoma/texas Panhandle Hat Company, LLC | $1,290 |
| Randy's Backhoe Service, LLC | $1,200 |
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