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Baton Rouge Reporter

Wednesday, December 25, 2024

15 PPP loans provided to small businesses in 2020 in ZIP Code 70898

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There were 15 PPP loans provided to small businesses in 2020 in ZIP Code 70898, according to the US Small Business Administration.

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 70898

Name of BorrowerCurrent Approved Amount
Capitol Construction, LLC$186,464
3003 Management, LLC$74,053
Breaux Bridge Truck & Casino Plaza, LLC$61,941
First Choice Therapy, Inc.$56,900
P-T Romero, LLC$33,273
Field Law, LLC$32,800
A & W Plumbing, Inc.$28,900
Creative Communications, Inc.$27,660
Loupe Theory Studios$20,000
America Homeland, LLC$15,625
MJA Associates, LLC$13,800
Ccla Perkins Road, LLC$10,955
Baton Rouge High School Foundation$10,300
Ccla 447 Walker, LLC$8,752
Tbco, LLC$3,393

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