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 |
|---|---|
| W. M. Schultz Construction, Inc. | $1,292,700 |
| Maple Leaf Childcare Center, Inc. | $876,425 |
| Kentco South, Inc. | $731,672 |
| Nysarc Saratoga County Chapter, Inc. | $611,518 |
| 550 Restaurant, LLC | $533,426 |
| Saratoga LNC, LLC | $488,197 |
| D. J. Rossetti, Inc. | $487,250 |
| Malta Ambulance Corporation, Inc. | $345,831 |
| Tipper's Gate, Inc. | $343,000 |
| Carsons of Malta, Inc. | $342,149 |
| Building Performance Institute, Inc. | $319,153 |
| North East Fire Protection Systems, Inc. | $306,192 |
| S&S Food Broker, Inc. | $287,565 |
| Malta Development Company, Inc. | $274,610 |
| Triple Sticks, Inc. | $251,650 |
| Window Technician Systems, Inc. | $243,400 |
| Bischoff's Chocolate Factory, LLC | $242,711 |
| Lansing Engineering, P.C. | $210,902 |
| Katie George, Inc. | $210,000 |
| Precision Environmental Services, Inc. | $208,800 |
| Spa Restaurant Group, LLC | $201,379 |
| Gridworks by Mcroberts, Inc. | $192,732 |
| Powerspike, Inc. | $186,817 |
| O'Brien Dental, PLLC | $175,000 |
| Plan It Waste & Recycling, Inc. | $160,200 |
| Christ Episcopal Church | $157,600 |
| Saratoga Family Medicine, PLLC | $157,105 |
| Donnellan Law, PLLC | $154,113 |
| Aztech Geothermal, LLC | $149,050 |
| Front Street Deli, LLC | $144,135 |
| Brian Muller | $141,503 |
| St. Mary's School | $140,300 |
| Showcase Homes of Malta | $139,500 |
| Ballston Area Community Center | $134,065 |
| Vagos Enterprises, Inc. | $132,800 |
| Salvatore Dental, PLLC | $132,300 |
| North American Flight Services | $131,766 |
| Capital Are Physical Therapy, PLLC | $129,522 |
| BDB Paving & General Contracting, Inc. | $117,870 |
| Sand Hill Industries, Inc. | $116,558 |
| Cossi Restaurant Corporation | $116,473 |
| Tmikk, Inc. | $114,128 |
| The Iron Roost, Inc. | $112,000 |
| Bard's Subway, Inc. | $107,989 |
| Matt Henry's, LLC | $105,871 |
| Can Environmental, LLC | $100,325 |
| Malta Montessori School, Inc. | $99,372 |
| Advanced Spray Foam, Inc. | $93,478 |
| Zofi, Inc. | $90,687 |
| W&R Geyser Rd, LLC | $90,200 |
| Ballston Spa Country Club | $89,400 |
| Flomort, LLC | $88,606 |
| Mcmancos, Inc. | $88,600 |
| Cocozzo Family Dentistry | $88,144 |
| Thomas Pray | $87,229 |
| Team Howard, Inc. | $85,100 |
| Burlingame Orthodontics, PLLC | $83,095 |
| Matala Builders & Sons, Inc. | $80,500 |
| Weldstream, LLC | $80,300 |
| Lamarco Physical Therapy, P.C. | $79,560 |
| M. J. Abare & Associates, LLC | $78,405 |
| Keyano International, Inc. | $78,035 |
| Old Saratoga Restorations, Inc. | $76,680 |
| Dunning Street Station, LLC | $69,300 |
| Heather Billington | $67,928 |
| Saratoga-Essex Company, LLC | $65,600 |
| Sherman Tile Associates, Inc. | $64,739 |
| Dunmore Contracting, Inc. | $64,543 |
| Gruen Construction, LLC | $63,300 |
| 21ST Century Mechanical, Inc. | $62,330 |
| Theresa Gibbons | $60,576 |
| Thomas Stanley Associates, LLC | $60,000 |
| CQC, LLC | $58,600 |
| ELLMS Farms | $58,180 |
| Bell Brook Holdings, Inc. | $57,436 |
| 13 North Pub, LLC | $55,951 |
| Active Life Group, Inc. | $55,633 |
| Stephen Richardson | $53,150 |
| Saratoga Dental, PLLC | $52,900 |
| Saratoga County Agricultural Society | $52,243 |
| WA Bentley, Inc. | $52,040 |
| Matrix Hotels, LLC | $51,600 |
| James Fulmer | $51,483 |
| Coffee Planet, Inc. | $51,415 |
| 7 One 7 Corporation | $49,500 |
| QSE Resource, LLC | $48,158 |
| The Whitehouse Restaurant, Inc. | $47,800 |
| James P Reynolds PLLC D.D.S. | $46,934 |
| Vincenzo Frederico Barber Shop, Inc. | $45,800 |
| Dozers Bar & Grill, Inc. | $43,642 |
| Gregory R Liberatore, PC, D.D.S. | $43,282 |
| Capital Interiorscapes, LLC | $42,919 |
| Spa Podiatry | $41,900 |
| Kadarius | $40,525 |
| Thomas Trevett | $40,135 |
| Maxwell Property Management, LLC | $39,201 |
| Riss Management, Inc. | $38,843 |
| Jay's Bar & Grill | $38,041 |
| J. F. Valder & Son, Inc. | $37,300 |
| Capital District Residential Contractors, Inc. | $37,117 |
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