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 72366
| Name of Borrower | Current Approved Amount |
|---|---|
| Farmers Supply Company of Marvell, Inc. | $718,300 |
| Marvell Academy | $144,700 |
| Ford's Well Service, Inc. | $101,000 |
| Polk Farms | $95,300 |
| Coffee Creek Farms | $80,340 |
| Service Company-Operative Gin Company, Inc. | $52,100 |
| Grant Industries, LLC | $46,183 |
| Don Kemmer Farms | $41,667 |
| Double a Farms | $32,700 |
| Double A. Farms | $32,700 |
| Delta Crop Insurance, Inc. | $30,500 |
| Dustin L. Guest | $29,602 |
| Superior Lawn Service | $29,000 |
| Ronnie George Farm Partnership | $28,298 |
| Boys, Girls, and Adults Community Development Center, Inc. | $27,500 |
| NJ&B Farms | $26,000 |
| Clatworthy P.R. Pa | $25,700 |
| James Hubbard M. Jr. | $25,500 |
| Storey Farming | $24,900 |
| Marvell AZ Mart, LLC | $23,700 |
| Bartlett Tire & Lube, LLC | $23,300 |
| Jak Application, LLC | $22,395 |
| We Jackson Farms | $21,700 |
| Turner Planting Company | $20,900 |
| Turner Oil Company, Inc. | $17,500 |
| Simmoons Custom Application, LLC | $15,750 |
| The Carousel | $15,100 |
| B&L Farms | $14,900 |
| County Line Trucking, LLC | $13,300 |
| Marvell Methodist Church | $13,137 |
| Bartlett Farms Partnership | $12,400 |
| First Baptist Church | $12,046 |
| JKT Partnership | $11,600 |
| Andrea White | $11,500 |
| Whitetail Farms Partnership | $10,714 |
| Brittany Ligon | $9,503 |
| A B Thompson Store | $6,404 |
| Phil Hall Farming | $6,300 |
| Reed C. Storey | $6,200 |
| Chris R. Clatworthy | $3,400 |
| Lewis Trucking | $2,937 |
| East Arkansas Coin Laundry | $2,100 |
| Powells Transport | $1,735 |
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