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.
| Name of Borrower | Current Approved Amount |
|---|---|
| Gorman Bros., Inc. | $3,603,460 |
| A. E. Rosen Electrical Company, Inc. | $1,287,900 |
| Albany Community Charter School | $1,151,800 |
| Hoffman Development Corporation | $990,750 |
| Bennett Contracting II, LLC | $890,200 |
| Green Technician High Charter School | $660,900 |
| Addictions Care Center of Albany, Inc. | $655,500 |
| Classic Harbor Line, LLC | $602,097 |
| Trinity Alliance of the Capital Region, Inc. | $594,000 |
| Centrotherm Eco Systems-Sba Small 7a Term, LLC | $485,327 |
| Krackeler Scientific, Inc. | $386,570 |
| J. J. Curran & Son, Inc. | $360,000 |
| The Warrensburg Management Corporation | $222,836 |
| First Response Roadside Service, LLC | $211,500 |
| Scarano Boat Building, Inc. | $200,072 |
| TCP Sales Holding, LLC | $159,500 |
| James D Warren & Son, Inc. | $153,287 |
| Workstation Consultants, LLC | $148,468 |
| T Hoffman Development Corporation | $145,000 |
| Mack & Associates, PLLC | $131,800 |
| WM. Biers, Inc. | $115,070 |
| Ion Optics, Inc. | $106,400 |
| Port Welding Service, Inc. | $90,000 |
| Hill Street Cafe, Inc. | $75,000 |
| CD Manager, LLC | $69,100 |
| TCP Albany Auto Finance, LLC | $60,250 |
| Cathedral of the Immaculate Conception | $58,900 |
| Capitol Container Corporation | $55,944 |
| Dharam, Inc. | $48,000 |
| Sailing Excursions, Inc. | $47,975 |
| Albany Industrial Supply, Inc. | $42,000 |
| South END Improvement Corporation | $40,507 |
| Youth FX, Inc. | $38,800 |
| Copper Club Management, LLC | $37,500 |
| Destroyer Escort Historical Museum | $35,592 |
| Complete Perfection Construction, LLC | $31,796 |
| Jamalaye Auto Corporation | $31,772 |
| Radix Ecological Sustainability Center, Inc. | $31,600 |
| Bhatti Group, LLC | $27,900 |
| Cerberus Holdings, Inc. | $26,600 |
| All Signs & Graphics, Inc. | $26,000 |
| Mokhibers Wine and Liqours, LLC | $24,200 |
| Joey Martin, Inc. | $23,959 |
| Christopher Cozzy | $22,500 |
| New Hope Church | $22,200 |
| St. Johns Church of God in Christ | $21,400 |
| Daudi H. Forrest | $20,833 |
| Classy Cutters | $20,833 |
| Kelly Grice Catering | $20,833 |
| Danish Khokar | $20,832 |
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