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 46290
| Name of Borrower | Current Approved Amount |
|---|---|
| Gradex, Inc. | $3,575,600 |
| Aaag-Lone Star, LLC | $1,255,500 |
| Aaag-Ohio, LLC | $1,211,000 |
| Aaag Michigan, LLC | $1,113,500 |
| Midwest Eye Institute, PC | $1,091,067 |
| Innovativerx US Holdings, Inc. | $861,500 |
| Aaag California, LLC | $786,700 |
| Hokanson Companies, Inc. | $779,000 |
| Aaag South Carolina, LLC | $675,200 |
| Aaag Sunshine, LLC | $595,700 |
| Associated Vitreoretinal and Uveitis, Inc. | $463,900 |
| Telecom, LLC | $403,500 |
| Firebirds of Carmel, LLC | $362,300 |
| Perkins Van Natta Plastic Surgery, P.C. | $358,700 |
| DCL Pathology | $344,150 |
| 5 Metacom, Inc. | $324,265 |
| Ophthalmic Plastic Surgery, Inc. | $321,701 |
| Paganelli Law Group, LLC | $310,365 |
| Harding, Dahm & Company, Indianapolis, Inc. | $258,638 |
| Meridian Plastic Surgery Center | $209,300 |
| Acceleration Human Resources, LLC | $167,500 |
| American Financial Credit Services, Inc. | $161,870 |
| Smari., LLC | $152,111 |
| Hovde Dassow & Deets, LLC | $151,829 |
| Indie Asset Partners, LLC | $150,988 |
| Greenway Waste & Recycling of Indiana, LLC | $136,955 |
| Indiana College of Sports Medical Massage, LLC | $131,132 |
| Fi3 Financial Advisors, LLC | $121,600 |
| Pellegrino & Associates | $82,400 |
| Medhealth Financial, LLC | $80,000 |
| Barrington Management Company, Inc. | $79,340 |
| Severns & Howard, PC | $72,700 |
| Raj K Maturi PC, M.D. | $71,615 |
| Nicholas F. Hrisomalos PC, M.D. | $69,790 |
| Helen Wells Agency, LLC | $63,200 |
| Renaissance Plastic Surgery, PC | $61,860 |
| Rocap Law Firm | $55,800 |
| Pollack Law Firm, P C | $51,300 |
| Insight Optical, Inc. | $50,518 |
| Foster, Pike & Associates | $47,435 |
| Midwest Cornea Associates, LLC | $42,915 |
| Kaufman Financial Corporation | $42,842 |
| Senior Legal & Financial, Inc. | $39,230 |
| Thomas a Ciulla PC, M.D. | $37,552 |
| Great Cooks, LLC | $32,500 |
| Healing Hearts of Indy, Inc. | $32,000 |
| John Minturn | $28,542 |
| Drew V. Dimond | $28,300 |
| Fort Wayne Retina, PC | $26,300 |
| Midwest Eye Retina, PC | $25,000 |
| MG Sales, Inc. | $24,500 |
| Comprehensive Neuropsychology, LLC | $20,833 |
| Ramos Neuropsychology, LLC | $20,833 |
| Demitrea Kelley | $20,833 |
| Circle City Neuro-Ophthalmology, LLC | $20,833 |
| Jeff Roach, RFC, Cambridge Investment Research Affilate, Inc. | $20,833 |
| Robin Hall | $20,800 |
| Brooks Powers, Inc. | $20,200 |
| Hunter Woods, LLC | $17,803 |
| Gilliland, Maguire & Harper, P.C. | $17,368 |
| Woodland, LLC | $13,200 |
| Semcotech, LLC | $12,980 |
| Echo Lake, LLC | $12,200 |
| Southwood, LLC | $10,800 |
| Comprehensive Neuropsychology of | $9,662 |
| Ellie Kaplan Interiors, LLC | $7,503 |
| Sitters to the Rescue, Inc. | $4,480 |
| Demulling and Slama Insurance, LLC | $4,100 |
| Donnell Lonberger | $4,004 |
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