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 98443
| Name of Borrower | Current Approved Amount |
|---|---|
| Active Construction, Inc. | $4,023,682 |
| Tucci & Sons, Inc. | $3,800,000 |
| Thunderbird Trading Post | $482,424 |
| Looker Asphalt, Inc. | $475,600 |
| Pacific Trim, Inc. | $277,100 |
| Mears Roofing, LLC | $262,620 |
| Custom Home Solutions, LLC | $213,254 |
| Pacific Northwest Lutheran High School a | $150,000 |
| Smokin Willy's, LLC | $142,300 |
| Lanway General Contractor, Inc. | $111,800 |
| Advertise4sales, LLC | $100,000 |
| R. L. Angeline and Association, LLC | $99,370 |
| JB Associates, LLC | $96,974 |
| Heather Gelston | $73,955 |
| Accountable Creations, LLC | $71,400 |
| Evergreen Fire Protection, Inc. | $70,000 |
| Waller Road Home, Inc. | $61,400 |
| Solarside Electric, LLC | $60,660 |
| Kings Recovery, Inc. | $52,082 |
| J&B Concrete Const., Inc. | $51,776 |
| Green Rose Gardens, LLC | $44,232 |
| The Palace Mediterranean, Inc. | $30,000 |
| Pacific Home Source, LLC | $26,054 |
| Scott D Morasch Enterprises, Inc. | $24,100 |
| Zestful Gardens | $23,300 |
| Stringham Custom Homes, LLC | $22,692 |
| Vantage Windows & Glass, Inc. | $21,362 |
| Anna's Party Rentals | $20,833 |
| Bridges of Love N. W. | $20,100 |
| Miracle Home Improvements, LLC | $14,700 |
| RCG Home Repair, LLC | $14,322 |
| Fusion Sales and Marketing, Inc. | $13,015 |
| JH & DH Enterprises, LLC | $11,862 |
| Gasoline Alley, Inc. | $10,400 |
| Calendula Farm, LLC | $10,305 |
| Karen Posick | $10,200 |
| Beta Adult Family Home | $9,860 |
| Christina Johnson Design, LLC | $8,750 |
| Tahoma Creek Services, Inc. | $8,737 |
| Luis B. Reyes | $8,492 |
| Amber Bushnell | $8,404 |
| A Better Type of Homecare | $7,500 |
| Commencement Bay Construction Company, LLC | $6,100 |
| Brendan Pichette | $4,332 |
| P&T Hap Money | $2,592 |
| Frosted Finish | $2,259 |
| Sovanmoly Mouth | $1,000 |
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