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.
Top 100 largest PPP loans in 2020 in ZIP Code 07740
| Name of Borrower | Current Approved Amount |
|---|---|
| Atlantic Plumbing & Supply | $3,120,225 |
| Defense Acquisition Support Services, LLC | $1,075,514 |
| Atlantic Eye Physicians PA | $813,277 |
| Central Jersey Mechanical, Inc. | $705,000 |
| Inter World Highway, LLC | $697,406 |
| Lake Run, LLC | $633,830 |
| Monmouth Rubber Corporation | $601,000 |
| LB City, Inc. | $505,553 |
| Family & Children's Service of Monmouth County, Inc. | $495,700 |
| MRA International, Inc. | $490,210 |
| 229 Bath Ave, Inc. | $467,475 |
| Long Branch Holding, Inc. | $371,527 |
| Mike Chambers' Oakhurst Electric, LLC | $350,667 |
| Raw Generation, Inc. | $331,400 |
| Monmouth Family Health Center, Inc. | $321,000 |
| Goal Line Stand, Inc. | $316,105 |
| Sabir, Inc. | $308,500 |
| Jatt, LLC | $290,000 |
| John Guire Supply, LLC | $279,480 |
| Skove Brothers, Inc. | $260,300 |
| Rook Coffee Roasters, LLC | $247,284 |
| Progressive Pain Management, LLC | $200,000 |
| Seashore Day Camp | $199,885 |
| Double a Delivery and Courier Services-Sba Small 7a Term | $192,500 |
| Natural Healthcare Center of West END, LLC | $190,355 |
| Seashore Preschool, Inc. | $182,895 |
| Reme Management, LLC | $176,300 |
| West END Family Pharmacy, Inc. | $170,884 |
| WC Beer Hall, LLC | $166,870 |
| Royal K Supply & Warehouse, Inc. | $164,465 |
| Brave Industrial Paint, LLC | $151,886 |
| Buff DRY Nails, Inc. | $148,200 |
| Moceans Center for Independent Living, Inc. | $145,517 |
| Comfort Mechanical Corporation | $144,248 |
| Crest Construction Services, LLC | $143,755 |
| Rosellis, LLC | $138,700 |
| Supplies Master, Inc. | $138,663 |
| Ronald Mcdonald House of Central & Northern New Jersey, Inc. | $136,606 |
| San Alfonso Retreat House | $129,314 |
| Jersey Auto Spa Car Wash, LLC | $126,456 |
| Atlantic Surgery Center, LLC | $126,215 |
| Bullet Lock and Safe Company, Inc. | $122,747 |
| The Market at Dambrisi, LLC | $121,812 |
| Local130 Seafood, LLC | $120,632 |
| Adams License Holdings, LLC | $115,788 |
| Mccauley Construction Company, Inc. | $110,004 |
| Monteforte Construction, Inc. | $109,500 |
| 71 Brighton Avenue, Ltd. | $105,727 |
| T. Gomes Construction, LLC | $102,380 |
| Seashore Transportation, Inc. | $99,945 |
| Park Avenue Synagogue | $99,511 |
| Capital Medical Billing Solutions Limite | $98,250 |
| Menachem Learning Institute | $97,869 |
| Rook Coffee Roasters Oakhurst, LLC | $96,460 |
| Dambrisi Wholesale Foods, LLC | $96,210 |
| Clean Ocean Action | $94,528 |
| Internal Medicine Associates of | $94,460 |
| Promenade Beach Club Management, LLC | $90,590 |
| The Hic Group | $89,500 |
| A. Levine Financial Services, LLC | $88,833 |
| Church of Christ the King Long Branch NJ | $88,400 |
| Casa Comida Restaurant | $87,745 |
| Tucci Hot and Crupi | $87,360 |
| CRP Behavioral Health-Sba Small 7a Term, LLC | $86,855 |
| 7-Elevn Store | $86,300 |
| Damiano Funeral Home, Inc. | $84,308 |
| Maor Yeshiva High School | $83,496 |
| Amitvraj, LLC | $82,500 |
| P and P Foods, Inc. | $82,413 |
| Silver Dollar Bar, Inc. | $81,750 |
| Pardini R Construction Corporation | $79,164 |
| Sandy Shalom | $78,870 |
| OHM NJ, LLC | $78,485 |
| Stephens Landscaping, LLC | $78,140 |
| Sunray Scientific, LLC | $77,996 |
| Woolley-Boglioli Funeral Home, LLC | $77,648 |
| Parallel Architctural Group, LLC | $77,500 |
| St. Michaels Church | $75,400 |
| Dermatology & Laser Center, PA | $74,905 |
| DKH Enterprises, Inc. | $74,663 |
| Third Base International, LLC | $74,000 |
| TLC Catering, Inc. | $72,075 |
| Temple Beth Miriam | $71,200 |
| John R. Grumbach, Inc. | $69,237 |
| Congregation Bros of Israel | $68,440 |
| Soy Delites, Inc. | $68,260 |
| Body's Unlimited, LLC | $67,751 |
| 75 D, LLC | $66,775 |
| Rook Coffee Roasters Wall, LLC | $66,634 |
| Shore Microsystems, Inc. | $66,306 |
| Brother's Towing, Inc. | $65,728 |
| Calick Veterinary Services, LLC | $65,362 |
| 17 West Front Street, LLC | $64,050 |
| Broadway Energy and Technology | $63,225 |
| SLM Builders, LLC | $63,127 |
| Sharaj, LLC | $63,000 |
| JGB Fulfillment, LLC | $62,954 |
| Fourt Systems | $62,500 |
| B. Lauren Investigations, LLC | $62,500 |
| Sephardic Torah Center | $62,500 |
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