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 64640
| Name of Borrower | Current Approved Amount |
|---|---|
| Landmark Manufacturing Corporation | $1,117,473 |
| The Osby Corporation | $276,900 |
| Mcbee Farms General Partnership | $214,286 |
| Terry Implement Company, Inc. | $208,600 |
| Gallatin Truck & Tractor, Inc. | $155,379 |
| Missouri Central Title Holding Company, LLC | $146,957 |
| Access II Independent Living Center | $138,556 |
| Gallatin Publishing Company | $110,070 |
| Stanley E Humphrey, D.D.S. | $95,885 |
| Viking Valley Association | $81,809 |
| Cybersecurity Corporation | $71,200 |
| T and S Underground KNA: Grindstone Utility Construction, L | $51,641 |
| Jeffrey S. Riley | $46,419 |
| First Christian Church | $44,375 |
| Gallatin Lumber Company, Inc. | $38,825 |
| Lick Skillet Seeds, Inc. | $37,274 |
| Main Street Medical Pharmacy, LLC | $31,961 |
| Tim Tadlock State Farm Agency | $28,200 |
| Cabinet Designs, LLC | $22,700 |
| Brice, LLC | $20,833 |
| B&S Equipment Sales, LLC | $20,000 |
| Stith Funeral Homes, LLC | $19,989 |
| Sandy Ward Agency, Inc. | $19,215 |
| Barton's Hardware | $18,675 |
| Daviess County Multi-Purpose Senior Center, Inc. | $18,192 |
| Daviess County Land Title, LLC | $17,781 |
| Gallatin Subway, LLC | $17,365 |
| First Baptist Church of Gallatin Missouri | $17,170 |
| Larry J. Dickinson | $16,706 |
| Kurt Esbeck Construction, LLC | $14,833 |
| Cox Electric, LLC | $14,378 |
| Chillicothe Meats, LLC | $13,329 |
| Worrell Construction, LLC | $13,033 |
| Will Salmon Excavating, LLC | $12,641 |
| Tanya Burns | $12,018 |
| Eric Hoel | $11,780 |
| Grand River Tire & Auto, LLC | $11,471 |
| Daviess County Livestock Market, LLC | $8,411 |
| Mary Lee Froman-Ellis | $7,713 |
| David R. Leeper | $7,670 |
| The Daviess County Country Club | $7,462 |
| Belinda Cameron | $5,915 |
| Tony Moore | $5,350 |
| Lake Viking Sales, LLC | $5,100 |
| Elite Products & Servicing, LLC | $5,000 |
| Bobbie's Hair and Nail Salon | $4,943 |
| Salon M. G. | $4,375 |
| Bethany Vandiver | $3,554 |
| Melissa Everman | $2,973 |
| Luke Leeper | $2,889 |
| First Assembly of God of Gallatin, Missouri | $2,700 |
| Tricia Smyser | $2,649 |
| Jerald Thomas Garnett | $2,500 |
| Eric Critten | $2,397 |
| Flowers & More | $1,890 |
| Landmark Realty of Gallatin, LLC | $1,863 |
| Cheryl G. Garlick | $1,847 |
| Ridge Heat Supply, LLC | $1,423 |
| Maize Family Limited Partnership | $1,300 |
| Charles Garlick | $1,182 |
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