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 98584
| Name of Borrower | Current Approved Amount |
|---|---|
| Taylor Shellfish Company., Inc. | $5,408,086 |
| Taylor Restaurants, Inc. | $847,652 |
| Island Enterprises, Inc. | $799,842 |
| Belco Forest Products, Inc. | $615,000 |
| Lynch Creek Farm, LLC | $606,100 |
| Gillis Auto Center, Inc. | $530,893 |
| Rossware Computing, Inc. | $434,000 |
| Brady Trucking Company, Inc. | $380,163 |
| Hiawatha, Inc. | $373,002 |
| Sims Vibration Laboratory, Inc. | $357,997 |
| SSI Cable Corporation | $339,962 |
| Steelhead Framing and Drywall, Inc. | $303,822 |
| Kamilche Trading Post, LLC | $295,157 |
| Olympia Oyster Company | $295,100 |
| Techwood, LLC | $291,507 |
| Skookum Creek Tobacco Company, Inc. | $273,412 |
| Salish Cliffs, LLC | $256,677 |
| Shearer Brothers Chipping, LLC | $251,540 |
| ASC Security and Investigations, LLC | $216,520 |
| Metcalf Electric, Inc. | $212,850 |
| Little Skookum Shellfish Growers, Inc. | $205,776 |
| Timberdoodle Company | $194,685 |
| Lake Limerick Country Club, LLC | $191,527 |
| Manke Family Resources | $184,875 |
| Friendly Hostess Restaurants | $182,100 |
| Hackney Family Dentistry | $180,812 |
| Ief Corporation | $178,827 |
| Arcadia Drilling, Inc. | $172,500 |
| Ascend Roofing Company, LLC | $168,000 |
| Ketcher and Edwards, PLLC | $167,160 |
| Matthaei's Camco, Inc. | $164,600 |
| Island Johnny, LLC | $163,713 |
| Pacific Coast Fiber Fuels, LLC | $161,100 |
| GU & Huang PLLC D.D.S. | $145,470 |
| Tom Shearer Trucking, LLC | $142,864 |
| Clark Crane Company, LLC | $141,900 |
| Superior Wall Finishes, LLC | $134,237 |
| Home Meat Service, Inc. | $133,600 |
| Tozier Bros, Inc. | $132,107 |
| Performance Motorsports Management the Ridge Motorsport, Inc. | $129,000 |
| Fox Head Construction, LLC | $128,000 |
| Verle's, LLC | $127,600 |
| First Baptist Church | $125,686 |
| Whiskey Ridge Manufacturing, LLC | $124,652 |
| A Hair Affair Beauty Salon, Inc. | $122,662 |
| Appliance Repair Plus, Inc. | $122,371 |
| Brothers United, Inc. | $116,500 |
| Neil's Pharmacy, Inc. | $114,400 |
| Smokin MO's, LLC | $109,500 |
| ECR Restaurants, Inc. | $108,287 |
| Bakala Insurance Agency, Inc. | $105,826 |
| Heavenly Gelato, Inc. | $105,248 |
| Union City Plumbing | $101,901 |
| Contract Equities, Inc. | $98,077 |
| Mcclanahan Construction Company | $97,667 |
| Squaxin Island Museum, Library and Research Center | $95,675 |
| Career Quest | $95,000 |
| Olympic Mountain Millwork, LLC | $94,700 |
| Shelton Mason County Journal, Inc. | $89,732 |
| Apex Collision Services, Inc. | $88,700 |
| Olympic Heathing & Cooling, LLC | $87,500 |
| Skokomish Indian Tribal Enterprise, Incorporated | $85,332 |
| Jim's Automotive, Inc. | $84,166 |
| Atwal Corporation | $83,638 |
| MT. St. Helens Evergreens | $81,947 |
| Taschner Law, PLLC | $81,355 |
| Spencer Lake Bar & Grill, Inc. | $80,600 |
| Wallins Oysters and Clams, LLC | $80,578 |
| Trident Marine Services, Inc. | $80,500 |
| Blind Dog Enterprises, Ltd. | $80,000 |
| Peter a. Sayah, Ea, LLC | $78,971 |
| Evergreen State Roofing, LLC | $78,000 |
| Jalisco, LLC | $77,933 |
| Skokomish Indian Tribal Enterprise, Incorporated | $77,627 |
| Habitat for Humanity Mason County Affiliate | $77,267 |
| Outdoors by Design | $76,973 |
| Michaels Custom Woodworks, Inc. | $76,900 |
| The Patty Wagon, Inc. | $76,567 |
| Bella Casa Service Management, LLC | $76,090 |
| TJN Publishing, Inc. | $75,000 |
| B-Plus, Inc. | $74,500 |
| Deathby, Inc. | $73,500 |
| Taylor Station, LLC | $73,418 |
| Michael D. Wittenberg, CPA, PS | $70,450 |
| Linda J. Jones | $68,474 |
| Steven H. Bowers, LLC D.D.S. | $67,500 |
| The Optical Shop of WA, Inc. | $67,106 |
| Bigfoot Properties XXIII, LLC | $66,900 |
| RRW Kim, Inc. | $66,545 |
| B-Line Construction, Inc. | $65,536 |
| Minner & Company, LLC | $65,350 |
| Crossroads Housing | $63,678 |
| NW Truck and Equipment Repair, LLC | $62,600 |
| Excalibur Roofing and Repair, Inc. | $61,957 |
| Denny's With Sunshine Corporation | $60,867 |
| Frantz ART Glass | $60,865 |
| Arnold & Smith Insurance Agency, Inc. | $60,705 |
| Kapowsin Air Sports, Ltd. | $60,367 |
| Xeroone Systems, LLC | $60,090 |
| Dorcy Enterprises, LLC | $59,252 |
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