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 73572
| Name of Borrower | Current Approved Amount |
|---|---|
| Cotton Electric Cooperative, Inc. | $1,351,151 |
| Comanche Star Casino | $281,400 |
| Walters Cooperative Elevator a | $166,900 |
| Quality Fence Company, Inc. | $120,200 |
| MMP Hvac, LLC | $95,300 |
| Cotton Electric Services, Inc. | $60,995 |
| Quality Electrical Solutions, LLC | $55,300 |
| Rid a Weed, LLC | $55,200 |
| Hart-Wyatt Funeral Home, Inc. | $49,200 |
| SDI Cotton County Walters, LLC | $37,000 |
| James Wayne Kinder Rvoc Trustee | $34,500 |
| Mac's Body Shop | $30,200 |
| J David Schumpert, CPA, a Professional Corporation | $28,600 |
| Elizabeth Crew, PLLC | $27,500 |
| Hilbert Animal Hospital | $25,380 |
| Walters Oil Well Service, Inc. | $21,700 |
| Cotton County Abstract Company | $21,700 |
| Jeremy Scherler Farms | $20,833 |
| Timothy Lewis | $20,800 |
| Michael R Parks | $20,800 |
| Kevin Kinder Farms | $20,800 |
| Jeff Baumann | $20,800 |
| APF Trucking, LLC | $20,800 |
| BMB Construction | $20,000 |
| 5th Avenue Processing & Cattle Company | $18,400 |
| First United Methodist Church of Walters | $18,100 |
| Education Brush, LLC | $17,300 |
| Steel Trucking, LLC | $16,290 |
| Charles R Parks | $15,400 |
| Charles R. Parks | $15,400 |
| ALS Pump and Supply | $15,000 |
| Sonshine Kids, LLC | $14,537 |
| Choicethomas | $13,706 |
| Pas, LLC | $12,962 |
| Tony W. High | $12,700 |
| Jeff Baumann | $12,700 |
| K-Z LC | $12,400 |
| Gary Gerken Insurance Agency | $12,200 |
| Polar Leak Solutions, LLC | $11,448 |
| Miller Custom Granite | $11,407 |
| Stanley M. Scherler | $9,900 |
| Dale Wampler Transmission | $8,800 |
| Scherler Insurance Agency, LLC | $8,600 |
| Flanagan Energy Company | $7,575 |
| Nannette K. McDowell, CPA | $7,500 |
| Cotton County Tag Agency | $7,400 |
| Seventh Street Liquor | $7,000 |
| John David Schumpert | $6,200 |
| Stephen L. Fletcher | $5,100 |
| Jeff's Custom Barbering, LLC | $4,500 |
| Walters Church of the Nazarene | $4,100 |
| Richard Jeron Park | $3,800 |
| Ryan Schlerler | $3,600 |
| Monte Bates | $2,267 |
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