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 90716
| Name of Borrower | Current Approved Amount |
|---|---|
| Richmond Plastering, Inc. | $556,600 |
| Thomson, Inc. | $364,700 |
| Five Star Synergy, Inc. | $225,000 |
| Consolidated Color Corporation | $175,000 |
| St. Peter Chanel Catholic Church | $150,297 |
| Taylor Contracting Services, Inc. | $123,700 |
| Julian's Mexican Food Products, Inc. | $107,500 |
| BBQ Night | $103,543 |
| Total Building Care, Inc. | $99,500 |
| Hua Mei Investment Group, LLC | $92,292 |
| HI-Technician Painting & Decorating, Inc. | $81,900 |
| Antai Group, Inc. | $80,000 |
| Paul Kagan Insurance and Financial Services, Inc. | $69,600 |
| Casa Adelita, Inc. | $69,557 |
| Hawaiian Gardens Inka, a California Corporation | $65,000 |
| Air Technical Services, Inc. | $64,627 |
| Saber Fitness HG, LLC | $62,100 |
| New Horizon Medical Corporation | $46,800 |
| Long Beach Willow, Inc. | $44,000 |
| Crescent Transmission, Inc. | $43,485 |
| Yes Company, Inc. | $42,745 |
| Jang Soo Corporation | $38,100 |
| The Way out Ministries | $36,601 |
| A&K Foodservice, LLC | $35,286 |
| LA Bella Epoca Restaurant | $34,070 |
| Jeo Jac Keo Ri | $32,780 |
| Keun Chan Lee Inc., D.D.S. | $32,000 |
| Three Amigos Mexican Food #2, Inc. | $31,800 |
| Kwang Seob Kim, Inc., D.D.S. | $29,000 |
| Rodolfo Gutierrez | $28,307 |
| Shiman, Inc. | $27,600 |
| Orthopedic Center for Excellence Medical Group, a Medical Company | $27,500 |
| Good Morning Acupuncture, Inc. | $25,976 |
| Jenny Nguyen | $25,000 |
| Logistical Automotive Repair, LLC | $22,700 |
| Brian Kim Insurance Agency, Inc. | $22,500 |
| Studio Exodus, Inc. | $21,400 |
| Chicago Auto Body & Repair, Inc. | $21,400 |
| Ki Ho Chi | $20,833 |
| Logistica Automotive Repair, LLC | $20,833 |
| Fast Auto Body | $20,499 |
| Porcha Jackson | $19,885 |
| Tung Ta | $17,325 |
| One Stop Auto Repair & Tires | $17,080 |
| Marco Landscaping | $16,220 |
| Pang Pang Karaoke | $14,796 |
| Strawberry Kouture | $12,500 |
| RJK Auto Care, Inc. | $12,500 |
| Youn Sagong, Inc., D.D.S. | $12,500 |
| Rajaei Zarour | $12,421 |
| Hanla Corporation | $12,292 |
| Amable R Aguiluz JR Inc., M.D. | $11,728 |
| Fleet Vehicle Registration Services Corporation | $11,600 |
| Carson Dentistry | $10,833 |
| Mes Western Liquor, Inc. | $10,827 |
| MK Los Angeles Transport, LLC | $10,505 |
| Imaani Enterprises, Inc. | $10,000 |
| Speedy Auto Care, Inc. | $9,375 |
| Daniel Y. Park | $8,980 |
| Young Kim | $8,400 |
| Happy's Liquor | $8,200 |
| Muse | $7,933 |
| Alpha Dental Lab of RK, Inc. | $7,681 |
| Alcazar Custom Pools, Inc. | $7,435 |
| Producciones N. I. M. | $7,337 |
| One West International, LLC | $7,309 |
| Vitamin House | $7,150 |
| Tobacco Outlet | $7,065 |
| The Hair Prodigy Salon | $7,065 |
| Boys TV Plus Repair | $6,929 |
| Juans Towing, LLC | $5,203 |
| Grisel Nunez | $4,933 |
| Father and Sons, LLC | $4,910 |
| Simon's Appliances | $4,864 |
| Sunny Massage, Inc. | $4,775 |
| Woo Hyang Kim | $4,567 |
| Kwang Kun Lee | $4,365 |
| Roberto Y. Duenas Sus Colegas | $3,542 |
| Win Custom Painting, Inc. | $3,377 |
| Hoang Nguyen | $2,157 |
| USA-Towels | $1,450 |
| Staged and Sold | $1,350 |
| Kyung Woo Nam | $1,000 |
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