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 21409
| Name of Borrower | Current Approved Amount |
|---|---|
| Otac No 4, Inc. | $1,795,489 |
| Networking Technology, Inc. | $955,300 |
| Jimmy Cantlers Riverside INN | $681,325 |
| Logistics Management Engineering, Inc. | $643,915 |
| Cole Ventures, Inc. | $636,490 |
| Annapolis Cars, Inc. | $553,922 |
| Harold's Market, Inc. | $531,500 |
| General and Mechanical Services, LLC | $520,900 |
| Icanotes, LLC | $466,300 |
| Chesapeake Charter, Inc. | $409,682 |
| Annapolitan Care Center, Inc. | $389,167 |
| Walnut Hill Landscape Company, Inc. | $377,945 |
| Severn INN, LLC | $335,200 |
| Free State Reporting, Inc. | $310,273 |
| Hague Quality Water of Maryland, Inc. | $281,700 |
| Secure Technologies Group, LLC | $275,082 |
| Chesapeake Montessori Foundation, Inc. | $265,140 |
| St. Margarets Day School | $252,100 |
| Bay Ridge Lawn and Landscape, Inc. | $250,000 |
| BLP Retail Services-Sba Small 7a Term, Ltd. | $247,840 |
| Duran Restaurant, Inc. | $244,000 |
| Parents for Montessori Education, Inc. | $225,887 |
| Federal Support Specialists, LLC | $225,175 |
| Lane Marketing Group, LLC | $217,900 |
| Anglers Sport Center, Ltd. | $207,300 |
| Superior Steel Erectors, Inc. | $200,000 |
| Attentive Residential Care, LLC | $192,200 |
| Brown Contracting Company, Inc. | $173,838 |
| St. Andrew by the Bay Catholic Church | $170,700 |
| Annapolis Financial Services, LLC | $165,500 |
| DB2 Incorporated | $156,806 |
| JMT Sales, Inc. | $152,947 |
| Frank Joseph & Sons, Inc. | $150,220 |
| Hoffman Veterinary Hospital, Inc. | $146,230 |
| TGC Property Management | $137,555 |
| Bay Area Insurance Group, LLC | $134,300 |
| Riverbay Roadhouse, Inc. | $132,574 |
| Kelly Benefits, Inc. | $130,450 |
| Bubbasam, LLC | $117,817 |
| QSR and R, LLC | $117,787 |
| Scion Systems Incorporated | $112,317 |
| MDP Auto, LLC | $111,888 |
| Revell Service Center, Inc. | $111,300 |
| Alan G Kline LLC D.D.S. | $109,200 |
| Triton Defense, Inc. | $105,800 |
| Richards Tree Care, Inc. | $102,052 |
| Cytherian-Sba Small 7a Term, Inc. | $99,577 |
| Crossroads Hospitality, Inc. | $97,700 |
| Naval Academy Junior Swim Club, Inc. | $85,369 |
| Paul Farthing Contractors | $84,093 |
| Mariners Church | $82,850 |
| Peddicord's Lawn Landscaping & Snow Removal Service, LLC | $82,800 |
| DMM International, Inc. | $77,000 |
| Nick Boyd LLC D.D.S. | $76,800 |
| Jinder&jeenu, Inc. | $72,500 |
| KKDS, LLC | $72,300 |
| SKI Haus Sports & Cycleworks | $70,200 |
| Tangent Computer Solutions, LLC | $67,927 |
| Broadneck Family Chiropractic | $67,500 |
| Vista Research Group, Inc. | $67,300 |
| National Artists Corporation | $66,700 |
| Valgene Incorporated | $65,400 |
| Red October Productions, Inc. | $63,690 |
| Data Center Solutions, Inc. | $59,800 |
| Rivers Edge Landscape & Design, Inc. | $58,000 |
| JP Plumbing, Inc. | $57,600 |
| Tricia's Whims, LLC | $57,500 |
| E&R Fitness, LLC | $57,070 |
| Bay Financial Planning and Tax Services, LLC | $56,700 |
| Advanced Facility Systems Group, Inc. | $56,417 |
| Til Next Time, LLC | $54,625 |
| John Zentgraf Company, Inc. | $54,400 |
| JRQ Transport Service, LLC | $53,700 |
| C D-El a Express, Inc. | $52,500 |
| High Street Strategies, LLC | $51,297 |
| Weber Team | $50,596 |
| Collins Management, Inc. | $49,900 |
| Maryland Electrical Services, LLC | $49,360 |
| Philtec, Inc. | $48,505 |
| Rcre, LLC | $47,225 |
| Blue Rooster, LLC | $46,500 |
| New Era Hospitality Management, LLC | $45,633 |
| Arrow Environmental Services | $45,125 |
| Calhoun & Ward, LLC | $44,400 |
| Donnelly Group, Inc. | $44,014 |
| Recognition Concepts, LLC | $42,500 |
| The Roofing Experts | $42,356 |
| M. L. Hopkins & Company, LLC | $41,700 |
| USC Canterbury Corporation | $41,400 |
| BV Associates, LLC | $39,400 |
| True North Yachting, LLC | $38,567 |
| Full Keel Marine Services, LLC | $38,300 |
| Cape Subway, Inc. | $37,500 |
| Shri Krishna Hospitality, Inc. | $34,525 |
| Shambarger Services, Inc. | $34,477 |
| Rise Up Annapolis, LLC | $31,087 |
| Construction Technology Solutions | $30,833 |
| Purple Lorry, LLC | $29,941 |
| Adaptic, LLC | $28,637 |
| Woodcraft Artisans, LLC | $28,501 |
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