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PPP loans: 36 loans in 2020 in ZIP Code 49953

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There were 36 PPP loans provided to small businesses in 2020 in ZIP Code 49953, 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 49953

Name of BorrowerCurrent Approved Amount
Ontonagon County R. E. A.$334,295
Horizon Home Care, Inc.$85,900
SNRN Broadcasting, Inc.$83,000
CMDHB, Inc.$79,500
Strong Dental Center, PLC$76,950
Harbor Town Pharmacy, Inc.$70,232
F&W Associates, Ltd.$61,512
JSP Contracting, LLC$55,771
Ontonagon It & Processing, LLC$55,200
Norman Pestka Construction, Inc.$43,185
Dick Wagner Agency, Inc.$36,000
Weisinger Forest Products, Inc.$35,268
906 Services, Inc.$32,300
Koski Log Homes, Inc.$25,419
Red Metal Explorations, Inc.$23,600
Holy Family Church$22,565
John D Construction, Inc.$18,980
M-64 Travel Center, Inc.$18,100
Harbortown Auto, Inc.$14,545
Pollard Logging, LLC$13,470
Plutchak's Auto Parts, LLC$11,625
Steven$11,500
Joseph C. Domitrovich$11,400
The Ontonagon Herald$10,690
Connie's$10,500
Up North Cafe$10,300
Scott's Superior INN$10,111
Dishaw Trucking, LLC$9,250
Superior Shores Resort, LLC$8,875
Georges Shamrock, LLC$8,107
H&K Drywall Finishing$7,250
Two Loons and Lake of the Clouds Resort$5,270
Peninsula Graphics, Inc.$5,000
Green Flannel Enterprises, Inc.$3,207
Lake of the Clouds Resort$2,300
Ontonagon Theater of Performing ARTS, Inc.$2,000

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