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 |
|---|---|
| Sea Shell Club | $1,184,137 |
| A Richard Aitken JR Builder | $970,992 |
| Bird and Bettys, LLC | $763,636 |
| Engleside, Inc. | $720,100 |
| Beach Haven Associates, LLC | $691,300 |
| Wer Bay Ratz, LLC | $667,359 |
| J. C. Beach Haven Tavern, LLC | $633,314 |
| Nugent Group /waterfront Restaurantsllc, LLC | $428,778 |
| Harvey Cedars Bible Conference | $380,152 |
| Bay Ave Plant, LLC | $358,967 |
| Kline Brothers Landscaping East | $346,820 |
| Sandpaper, Inc. | $294,050 |
| Bistro 14, Inc. | $283,286 |
| The Marlin Restaurant & Bar, Inc. | $282,901 |
| LBI Recreation Center, Inc. | $279,710 |
| Tuckers Restaurant, LLC | $247,306 |
| Kline Bros Landscaping Center East | $233,765 |
| Daddy O Restaurant, LLC | $215,803 |
| Daves Electric, LLC | $213,962 |
| 1302 Restaurant, LLC | $200,000 |
| St. Francis Church | $195,262 |
| Mickey's Port of Call Pub, LLC | $188,465 |
| New Eatery, LLC | $180,302 |
| Dakk Enterprises, LLC | $179,795 |
| Snyder Robert G & Scharf-Snyder Lauren | $159,377 |
| LBI Beverage, LLC | $150,000 |
| Ocean Professional Theatre Company | $144,682 |
| Weddings LBI Limited Liability Company | $138,652 |
| Uncle Will's, Inc. | $124,561 |
| Anchor Wine & Spirits, LLC | $121,236 |
| Laperra, LLC | $118,153 |
| Giglio Awning, LLC | $107,222 |
| Boulevard Clams, Inc. | $101,975 |
| Woodies of LBI, LLC | $94,381 |
| 18th St. Grille, LLC | $91,000 |
| Thomas J Keller Building Contractor, LLC | $90,334 |
| Micmyer, LLC | $86,422 |
| Red Sails Salon Limited Liability Company | $75,000 |
| Between the Sheets, LLC | $74,070 |
| Kelly Kidz, Inc. | $72,500 |
| RJR Engineering Company, Inc. | $69,292 |
| How to Live Three, LLC | $67,420 |
| Turing Technology Associates, Inc. | $67,275 |
| J. D. M. Andrews Construction, Inc. | $61,000 |
| Felten Enterprises, Inc. | $54,449 |
| The Southern Ocean County Chamber of Commerce, Inc. | $53,847 |
| Nicholas Addiego LLC D.M.D. | $53,075 |
| Lavish Salon | $52,190 |
| Callan & Moeller Construction, Inc. | $51,195 |
| Jocole, LLC | $48,041 |
| JTI Staffing Solutions JTI Staffing Solutions, Inc. | $47,300 |
| Pyour Core, Inc. | $45,145 |
| W Curtis Dowell, PC | $43,067 |
| Surf City Marina, Inc. | $42,800 |
| Ruotolo Brothers Ventures | $41,665 |
| Rech, Inc. | $40,000 |
| Hartland, Inc. | $38,593 |
| Shore Good Donuts | $38,314 |
| Ackers' Specialty Coffee | $34,357 |
| Integrated Facility Management, Inc. | $34,144 |
| JKL, Inc. | $33,860 |
| Michael Elassar | $32,830 |
| LBI Pancake House, LLC | $32,298 |
| Mary Tantillo | $31,418 |
| Christopher Bott | $30,340 |
| Foodies Catering, Inc. | $29,998 |
| Osteo in-Site, Inc. | $29,725 |
| Beach House Spa, LLC | $29,563 |
| Brian Cosentino | $29,242 |
| Sea Horse Motel, Inc. | $29,200 |
| Jefferson Barr | $29,167 |
| Retail Service Solutions | $22,805 |
| Sandaway, LLC | $22,749 |
| Dean Harkness Building Contractors, LLC | $21,192 |
| ADK the Pizza Shack | $21,100 |
| Vincent Guarino | $20,833 |
| Tutoring Taxi, Inc. | $20,833 |
| Egon Kahl | $20,833 |
| Michael H Strunk Architect, LLC | $20,833 |
| Todd Henrich | $20,833 |
| Kimberly Pileggi | $20,832 |
| Seneca Research, LLC | $20,832 |
| Justin Marti | $20,832 |
| Franklin Taylor Mason | $20,832 |
| 3RND | $20,750 |
| Marla Fashions, Inc. | $20,507 |
| Karen Tumelty | $20,052 |
| William Willem | $18,695 |
| Pons Enterprises, LLC | $18,315 |
| John Murray | $17,882 |
| John Murray | $17,134 |
| Beatrice Johnson | $16,302 |
| John Gofus III | $15,202 |
| Jersea Realty, LLC | $15,145 |
| Kathleen Bowe | $15,080 |
| Todd Henrich | $14,750 |
| Judy Do | $14,514 |
| Corey McGlynn | $13,182 |
| Renee Henrich | $12,547 |
| Paul Wood | $12,525 |
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