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 12305
| Name of Borrower | Current Approved Amount |
|---|---|
| Horizon Food Equipment, Inc. | $4,428,000 |
| Schenectady Hardware & Electric Company, Inc. | $3,679,825 |
| Beekman 1802, Inc. | $1,495,600 |
| Transfinder Corporation | $1,417,800 |
| AAA Northway, Inc. | $1,215,000 |
| Jahnnel Group, Inc. | $1,061,900 |
| Package One Industries, LLC | $1,020,177 |
| Logic Technology, Inc. | $900,000 |
| C and D Distributors, Inc. | $898,405 |
| J&a Hurley, Inc. | $867,500 |
| Utech Products, Inc. | $711,800 |
| City Mission of Schenectady | $710,372 |
| Distribution Unlimited, Inc. | $689,429 |
| STS Steel, Inc. | $677,000 |
| Plank, LLC | $650,070 |
| Rotterdam Ventures, Inc. | $607,203 |
| Druthers Brewing Company IV, LLC | $430,400 |
| John D. Marcella and Son Appliances, Inc. | $430,000 |
| ARTS Center and Theatre of Schenectady, Inc. | $425,000 |
| Premier Administrative Services, LLC | $411,900 |
| James Mcguinness & Associates | $405,316 |
| Som Direct Marketing, LLC | $398,784 |
| Institute for Clinical Pharmacodynamics, Inc. | $396,000 |
| Advanced Information Management, Inc. | $381,836 |
| Ywca of Schenectady | $319,900 |
| Cioffi Slezak Wildgrube, P.C. | $301,600 |
| Potratz Partners Advertising, Inc. | $297,600 |
| Villa Italia Bakery of New York, Inc. | $297,200 |
| Scube, Inc. | $277,700 |
| Acture Solutions, Inc. | $272,200 |
| Redburn Holdings, LLC GP | $270,589 |
| Synthesis Architects, LLP | $260,600 |
| Family & Child Service of Schenectady, Inc. | $258,600 |
| PM Schenectady, LLC | $250,081 |
| Northeastern Industrial Park, Inc. | $245,325 |
| Avril D'Souza P. C., D.M.D. | $241,249 |
| Social Enterprise and Training Center, Inc. | $240,215 |
| Story First, Inc. | $238,600 |
| Alco Hotel, LLC | $222,975 |
| Mountain View Group, Ltd. | $216,300 |
| Charles W Merriam & Son, Inc. | $206,100 |
| Dumbstruck, Inc. | $195,300 |
| Center City Restaurant, LLC | $191,900 |
| Empire State Youth Orchestra | $188,937 |
| Sykes-Mallia Associates, Inc. | $183,400 |
| Tri-City Recycling, LLC | $149,278 |
| One18 Hospitality Group Corporation | $141,080 |
| Formed Ai, Inc. | $139,000 |
| Capasso & Associates, LLC | $138,772 |
| Jimbos Burrito Bar Schenectady, Inc. | $137,658 |
| Delorenzo, Grasso & Dalmata, LLP | $136,324 |
| More Perreca's, Inc. | $131,800 |
| Peterson, Campoli & Associates Cpas, PLLC | $116,020 |
| Mill Lane Brewing Company, LLC | $116,000 |
| ABD Engineers, LLP | $115,000 |
| The Stockade Consulting Group, Inc. | $108,300 |
| James Trauring & Associates, LLC | $108,290 |
| Deangelus Goralczyk, PLLC | $104,161 |
| Van Dyck, LLC | $104,100 |
| Zeem Solutions | $103,909 |
| Parisi, Coan & Saccocio, PLLC | $101,500 |
| Tbec Properties, LLC | $100,000 |
| 128 Erie BLVD Corporation | $99,402 |
| CM Distributing, LLC | $98,900 |
| Maddalone & Associates, Inc. | $97,406 |
| Mexican Radio Schenectady, LLC | $97,200 |
| Ian Law Landscape Architecture, PLLC | $93,100 |
| Downtown Schenectady Improvement Corporation | $88,187 |
| James T Pollard Architect, PC | $87,000 |
| Schenectady Day Nursery, Inc. | $85,000 |
| Jack Alpha, Inc. | $84,000 |
| Eastern Office Supply of Upstate New York, Inc. | $83,900 |
| Robert M. Scotto P. C., D.D.S. | $82,400 |
| Grano, Inc. | $81,760 |
| Right Side of the Tracks, LLC | $81,418 |
| Robert L. Kristel, C. P. A., P.C. | $78,747 |
| First Reformed Church of Schenectady | $77,496 |
| Bollywood Masala Corporation | $75,725 |
| Absolute Tile Company, LLC | $75,000 |
| Germain Enterprises, LLC | $74,533 |
| 20 North Broadway Tavern, LLC | $73,700 |
| Stacknexus, Inc. | $71,300 |
| Schenectady County Historical Society | $70,900 |
| Omnis Computers and Supplies, Inc. | $70,700 |
| Litz and Litz | $69,500 |
| Newport Ventures | $68,100 |
| Wolff's Biergarten Schenectady | $66,675 |
| Tim Trier, Inc. | $66,000 |
| Stracher Roth Gilmore Architects | $65,900 |
| Kirsh Helmets, Inc. | $64,700 |
| Nhu-Y, LLC | $63,185 |
| Habitat for Humanity of Schenectady County, Inc. | $62,100 |
| RW Property Management, LLC | $61,422 |
| Wolfe Safe & Lock Company, Inc. | $58,400 |
| Magic Digital Media, Inc. | $58,046 |
| The Schenectady Foundation, Inc. | $54,100 |
| Thomas J Merten, D.D.S. | $53,200 |
| Belvedere Hotel, LLC | $53,100 |
| Mohawk Valley Podiatry, PC | $51,702 |
| T Wilson & Associates, LLC | $50,400 |
| The Irish Kids Restaurant Corporation | $50,000 |
| 100% All Natural, Inc. | $49,400 |
| Tablecloths for Granted, Ltd. | $47,100 |
| Perreca's Bakery, Inc. | $45,700 |
| James Hundt Architecture, P.C. | $45,600 |
| Migrate America, Inc. | $45,005 |
| Park Place Pediatric & Adolescent Medicine, PLLC | $42,933 |
| Park Ridge Construction, Inc. | $42,000 |
| Priority One Networks, LLC | $41,000 |
| Bookstore Inc., OD | $40,969 |
| Law Office of Kathleen M. Toombs | $39,977 |
| First Schenectady United Methodist Church | $38,600 |
| AKW Consulting, Inc. | $38,000 |
| DR. Timothy Maggs Chiropractic, P.C. | $38,000 |
| Capital Repertory Company | $38,000 |
| Schenectady County Tourism and Convention Bureau | $37,493 |
| GNW Auto & Sales, Inc. | $37,324 |
| Buzz Media Solutions, LLC | $37,000 |
| Mopco, LLC | $36,500 |
| The Center for Community Justice, Inc. | $36,000 |
| Colucci's Floor Covering, Inc. | $35,070 |
| Union INN of Schenectady, LLC | $35,000 |
| Dave Hunt's Auto Services, Inc. | $34,900 |
| Alpine Cad Technician, Inc. | $34,400 |
| Steven R. Becker | $34,200 |
| Raw Juice & Smoothie Bar, Inc. | $34,000 |
| Wis Dental Services | $33,609 |
| Golden & Seaberry, Inc. | $33,500 |
| Highbridge Management, LLC | $30,210 |
| Ambition Coffee & Eatery, Inc. | $30,000 |
| Albany Autism Society | $28,729 |
| Isopo's Downtown Pizza, LLC | $27,800 |
| Clayton Road Associates, LLC | $27,242 |
| Ausfeld & Waldruff Land Surveyors, LLP | $27,112 |
| H&K Auto Service, LLC | $26,000 |
| Umbrella of the Capital District, Inc. | $25,696 |
| Asumal, Inc. | $25,500 |
| Diligent Data Services, LLC | $25,300 |
| Upstate Collection Center, Inc. | $25,000 |
| New York Folklore Society, Inc. | $24,900 |
| The New Morrettes King Steakhouse LLC Inc. | $24,000 |
| FM Pizza King, LLC | $23,700 |
| St. George's Episcopal Church | $23,300 |
| St. Joseph's Church | $22,900 |
| Dreambuilder Consulting, LLC | $20,833 |
| Stockade Travel, Inc. | $20,800 |
| Highbridge/prime Development, Inc. | $20,777 |
| BPS Schenectady Supervisor 1, LLC | $20,238 |
| Community Learning, LLC | $20,000 |
| Easy Method Driving School, Inc. | $19,918 |
| Lees Four Seasons | $19,910 |
| F. L. Falvo Insurance Agency, Inc. | $19,500 |
| D Mart Enterprises, Inc. | $19,150 |
| Nick & John Corporation | $18,750 |
| Civitello's Italian Pastry Shoppe, Inc. | $18,690 |
| Matthew Sorokey | $18,010 |
| Pinhead Shannon's, Inc. | $17,300 |
| Pemberton & Briggs | $17,100 |
| Lancemarshall Trucking, LLC | $16,900 |
| Walkthruphoto NY Corporation | $16,820 |
| Brian a Burns, Inc. | $16,665 |
| Villano Law Firm, PLLC | $16,000 |
| St. Anthony's Church of Schenectady, N. Y. | $15,647 |
| Hellenic Orthodox Church of St. George | $14,500 |
| Schenectady Youth Boxing and Fitness, Inc. | $14,496 |
| Saratoga Springs Universal Preservation Hall | $13,200 |
| Greater Friendship Baptist Church, Inc. | $12,627 |
| N Rossi & Sons Funeral Home, Inc. | $12,600 |
| Electric City Athletics, LLC | $12,500 |
| Moisture Salon, LLC | $12,500 |
| Wayne P. Smith | $12,256 |
| Michael Horan | $11,570 |
| MP Simone, LLC | $11,272 |
| True Juice Cafe | $10,600 |
| The Law Offices of Christiaan Van Niekerk, PLLC | $10,500 |
| Juda Law Office, PLLC | $10,300 |
| Dennis M. Englert, LLC | $10,300 |
| Janet Tanguay | $10,080 |
| Armida Rose Realty Group | $10,053 |
| Amanda Thompson Yaya's House of Southern Cuisine | $10,000 |
| Brianna Kwiatkowski | $9,991 |
| Richard Wickerham D. Esq. | $9,100 |
| Dominick Ranieri Architect, PC | $8,865 |
| Law Office of Veronica Reed-Sba Small 7a Term | $8,597 |
| The Backstage Pub, LLC | $8,100 |
| Second Nature Mental Health Counseling, PLLC | $8,063 |
| Cinque Chiropractic, PLLC | $8,000 |
| Haresh Bhatia, Allstate Agency | $7,800 |
| Armando and Sons Ironworks, Inc. | $7,692 |
| 213 Front Street Tavern, LLC | $6,473 |
| H. A. Leonelli Agency, Inc. | $6,000 |
| Van Schaick Beer Company | $5,800 |
| A BLY TBI NHTD, LLC | $5,500 |
| Rudnicks Uniforms, LLC | $5,417 |
| Trevor Clark | $5,046 |
| Ume Urban. Massage. Elite., LLC | $5,000 |
| FDN Tax Prep and Bookkeeping, Inc. | $4,800 |
| Schenectady Greenmarket, Inc. | $4,693 |
| Herba Consulting & Contracting, LLC | $4,597 |
| Paisa Mizer | $4,100 |
| F. Pops Property, Inc. | $4,000 |
| Yoga Bliss on the BLVD | $3,953 |
| Wessington Clark Development, LLC | $3,925 |
| Robert Stoddard J. Esq. | $3,818 |
| Xcel Auto Electric | $3,800 |
| Original Vessel, LLC | $3,755 |
| Red Door Beauty Studio, LLC | $3,750 |
| Gregory Walker | $3,700 |
| Adirondack Accounting, Inc. | $3,427 |
| Amanda Thompson | $2,323 |
| Cleary Company, LLC | $2,242 |
| Dawn Taylor | $1,442 |
| Lindsey Dillinger | $1,000 |
| Leah Lafera | $563 |
| Frederick's Dream Media, LLC | $551 |
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