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 |
|---|---|
| Ballinger Memorial Hosptial District | $907,977 |
| Rex Cook Construction, LLC | $875,253 |
| Ballinger Home Health, Inc. | $310,500 |
| 3D Steel Building Systems, LLC | $254,137 |
| Beefmaster Steakhouse-Weatherford, LLC | $177,700 |
| Halford Trucking, LLC | $131,734 |
| Toliver Brothers, LLP | $108,000 |
| Beefmaster Steakhouse Ballinger, LLC | $103,700 |
| Knowlton & Sons, LLC | $69,352 |
| Ballinger TX Drive-in, Inc. | $66,363 |
| Alejandra's Restaurant | $49,500 |
| Texas Pallets, Inc. | $44,388 |
| ELM Creek Grain, LLC | $44,065 |
| Harrell Truck and Tractor | $43,700 |
| Brent Jones Plumbing, LLC | $41,600 |
| Parson's Heating and Air, Inc. | $39,000 |
| Ballinger Feed & Seed, Inc. | $35,600 |
| Kit's Body Shop | $35,000 |
| City Eye Care | $33,539 |
| Ballinger Cotton Warehouse | $31,800 |
| West Texas Pallets | $31,200 |
| Ballinger Short Stop, Inc. | $31,057 |
| 5 Dluna Enterprises, Inc. | $29,700 |
| Rangel Brothers Family Restaurant | $26,700 |
| Willingham Insurance Agency, LLP | $26,540 |
| Conrad Insurance Agency | $23,520 |
| Bhamti MA Group, LLC | $23,335 |
| First United Methodist Church | $22,470 |
| Todd J Freeman CPA, PC | $22,000 |
| Ballinger Auto Technician & Tire Service | $21,712 |
| Lange Family Company, LLC | $21,000 |
| Steward Robbins | $20,833 |
| Mark S. Mckinnon PLLC M.D. | $20,833 |
| Luxury Oilfield Rentals, LLC | $20,800 |
| Z&L Dirt Construction | $19,845 |
| Cuddlebugs Daycare | $19,816 |
| 3D Crane Services, LLC | $19,104 |
| Ace Transport & Aggregate, LLC | $16,437 |
| Woodruff Wealth Management | $16,101 |
| Lynn Smith Electrical Service, LLC | $15,842 |
| Will Byler Dozer Service, LLC | $15,800 |
| Robby A. Halfmann | $15,665 |
| Jeffrey James Grindstaff | $15,500 |
| WD Well Service, Inc. | $15,396 |
| Alton Schaefer | $15,203 |
| R. Scott's Contracting, LLC | $15,162 |
| Paske Tire and Lube | $14,625 |
| St. Mary Catholic Church | $14,563 |
| Clint Wilde | $14,000 |
| Little Tots Depot | $13,919 |
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