Which Bradenton Companies Received PPP Loans

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BRADENTON, Florida – Applications for the federal payroll protection program have been closed after more than 11.8 million businesses affected by the pandemic received assistance, including many in Bradenton.

The payroll protection program started in April 2020 under the Coronavirus Relief, Assistance and Economic Security Act (CARES) and has been extended until May 31, 2021.

Florida approved 598,506 PPP loans in 2021 alone, according to the Small Business Administration. The total amount approved for 2021 was $ 19,036,179,898.

Loan applications were processed through banks and other traditional lenders, and the loans received were supported by the SBA. Across the country, the program has approved approximately $ 800 billion in lending.

Loans are forgivable if borrowers meet certain criteria, including spending at least 60 percent of the money on payroll and maintaining employee pay levels.

Below are some of the Bradenton businesses that have benefited from the program as reported by the SBA. Check here for a complete searchable database.

BUFFALO LODGING ASSOCIATES, LLC

  • University Park, Florida 34201
  • Approval Amount: US $ 9,907,647.
  • Jobs Reported: 500

GOODWILL INDUSTRIES – MANASOTA, INC.

  • Bradenton, Florida 34203
  • Approval amount: 4,038,613 US dollars.
  • Jobs Reported: 500
  • Amount of Forgiveness: US $ 4,083,093

FAMILY HOUSE HEALTH CARE, LLC

  • Lakewood Ranch, Florida 34202
  • Approval amount: US $ 3,402,600.
  • Jobs Reported: 201
  • Amount of forgiveness: $ 3,440,879

WOODRUFF & SONS, INC.

  • Bradenton, Florida 34203
  • Approval amount: 2,806,000 US dollars.
  • Jobs Reported: 192

SCHROEDER-MANATEE RANCH INC.

  • Bradenton, FL 34202
  • Approval amount: 2 618 100 US dollars.
  • Jobs Reported: 257

DAN CALLAGHAN ENTERPRISES, INC.

  • Bradenton, FL 34203
  • Approval Amount: $ 1,861,902.
  • Job Posts: 167
  • Amount of forgiveness: $ 1,879,228.

ET MACKENZIE OF FLORIDA, INC.

  • Bradenton, Florida 34203
  • Approval amount: USD 1,684,000.
  • Jobs Reported: 123

TEN-8 FIRE EQUIPMENT, INC.

  • Bradenton, Florida 34203
  • Approval amount: $ 1,601,000.
  • Jobs Reported: 154
  • Amount of forgiveness: $ 1,617,185.

AMERICAN COMPANY FOR TORCHERS – ATTC

  • Bradenton, FL 34203
  • Approval Amount: US $ 1,366,693
  • Jobs Reported: 105

AMERICAN OPTIONAL COMPANY

  • Bradenton, Florida 34203
  • Approval Amount: US $ 1,366,693
  • Jobs Reported: 117
  • Amount of forgiveness: $ 0

At the national level, the accommodation / catering sector received the largest share of loans in 2021 at 15 percent of the total.

About 87 percent of loans approved in 2021 were $ 50,000 or less and accounted for a third of the total approved amount. The average loan size was $ 42,000.

The program was controversial. Banks sought give priority to large, established business according to New York Times analysis. In December, Congress raised fees on small loans to encourage lenders to make loans to small businesses, and in February, rules were changed to allow unprofitable sole proprietorships to qualify.

Several large companies drew public outrage after it was revealed that they were taking out PPP loans instead of relying on traditional capital raising activities. The protest prompted the SBA to review all loan applications over $ 2 million and publish guidelines that the program is for businesses that do not have access to other cash collection methods.

Editor’s Note: This list was automatically generated using SBA data for approved loans of $ 150,000 or more, although some loans were ultimately not disbursed. Business owners can contact SBA if the loan information is incorrect. SBA data sometimes contains duplicate entries. Other feedback can be sent to content@patch.com



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