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 90503
| Name of Borrower | Current Approved Amount |
|---|---|
| Canoo, Inc. | $7,016,701 |
| Younger Manufacturing Company | $4,074,400 |
| Scott Robinson Pontiac, Inc. | $2,621,200 |
| T-Y Nursery, Inc. | $2,476,500 |
| Preservation Partners Management Group, Inc. | $2,283,500 |
| Menemsha Development Group, Inc. | $2,150,095 |
| Polypeptide Laboratories, Inc. | $1,928,000 |
| Pentel of America, Ltd. | $1,886,855 |
| Manson Western, LLC | $1,805,835 |
| Torrance Care Center West, Inc. | $1,727,282 |
| Celestron Acquisition, LLC | $1,611,268 |
| Convaid Products, LLC | $1,450,000 |
| Centinela Feed, Inc. | $1,400,723 |
| Bishop Montgomery High School | $1,393,568 |
| Richardson Kontogouris, LLP | $1,389,537 |
| A-Aztec Rents & Sells, LLC | $1,297,000 |
| Driftwood Healthcare and Wellness Center, LLC | $1,267,000 |
| CTC Group, Inc. | $1,230,400 |
| Din Tai Fung Restaurant, LLC | $1,204,600 |
| JRDTSP, LLC | $1,188,500 |
| BQE Software, Inc. | $1,136,142 |
| Marshall Electronics, Inc. | $1,092,089 |
| Enagic USA, Inc. | $1,070,600 |
| Naturalife Eco Vite Laboratories | $1,057,500 |
| Nissan of Torrance, LLC | $980,375 |
| Autism Behavior Consultants, Inc. | $925,000 |
| Raimondo Pettit Group | $890,632 |
| Torrance Orthopedic and Sports Medicine | $870,000 |
| Rare Collectibles TV, LLC | $867,102 |
| Renewed Strength Medical Group | $809,331 |
| First Evangelical Lutheran Church of Torrance, California | $808,700 |
| Emmaus Life Sciences, Inc. | $797,840 |
| Diversified Production Services, Inc. | $792,725 |
| Sage Goddess, Inc. | $712,600 |
| PDM, LLP | $697,500 |
| Hondata, Inc. | $659,000 |
| Kace Entertainment, Inc. | $644,000 |
| Momentum Engineering Corporation, a California Corporation | $612,757 |
| South Bay Home Care, Inc. | $589,430 |
| JPN Mart, Inc. | $554,400 |
| US Hybrid Corporation | $550,800 |
| Burdette-Decock, Inc. | $540,600 |
| Carter Services, Inc. | $534,885 |
| Collinson Law, a Professional | $529,450 |
| Del Amo Circle Property | $521,600 |
| Onshore Technologies, Inc. | $513,900 |
| South Bay Auto Group, LLC | $512,900 |
| Diverge It, Inc. | $510,447 |
| Th P. W. Cookie Company, Inc. | $502,487 |
| South Bay Hyundai, LLC | $480,900 |
| Kids in Motion Physical Therapy, Inc. | $474,165 |
| Insuranceassist, Inc. | $473,377 |
| Duplitech Corporation | $466,522 |
| Indizen Optical Technologies of America, LLC | $441,200 |
| KLW Fitness | $435,555 |
| SCPS Unlimited, LLC | $425,000 |
| T2 Technology Group, LLC | $422,445 |
| Nutri-Bon Distribution, Inc. | $421,622 |
| M. Roy Nelson, Inc. | $414,500 |
| MX Imaging, Inc. | $413,465 |
| Classic Litho and Design, Inc. | $412,600 |
| Numentica, LLC | $408,227 |
| Aiya America, Inc. | $396,400 |
| DRG Intelligent Computer Concepts, Inc. | $393,440 |
| Sprout II Investments, LLC | $390,300 |
| Garv, Inc. | $379,272 |
| Metco Manufacturing 4729 Sara DR, Inc. | $375,000 |
| Vedainfo, Inc. | $372,795 |
| Blue Robotics, Inc. | $368,100 |
| Pearce Concrete and Masonry, Inc. | $366,193 |
| Proprietary Controls Systems Corporation | $365,750 |
| So Cal Product Solutions, LLC | $363,800 |
| Global Hospice Care, Inc. | $362,500 |
| K&K Consultant Group | $358,300 |
| TCW Trends, Inc. | $355,757 |
| Zefiro Corporation | $348,450 |
| Totai America, Inc. | $342,700 |
| Products Engineering Corporation | $341,000 |
| Santec, Inc. | $340,573 |
| Nextgen Spine Incorporated | $339,693 |
| Choura Events | $329,600 |
| Takuyo Corporation | $324,697 |
| Govinvest, Inc. | $322,692 |
| Legend Home Health, Inc. | $319,676 |
| EMC Torrance, LLC | $318,795 |
| William E. Paul, Inc. | $313,875 |
| Hess Real Estate Services, Inc. | $308,238 |
| Talmo & Associates, Inc. | $303,818 |
| Peter E Lescord 111 | $298,937 |
| Pacific Century Customs Service, Inc. | $298,100 |
| Integrated Digital Solutions | $294,300 |
| Sun-Flow, Inc. | $291,895 |
| Mr. R. J. C., Inc. | $291,500 |
| Retina Macula Institute | $290,900 |
| Pacific Capital Accounting Services, Ltd. | $280,235 |
| Kamerycah, Inc. | $280,100 |
| Sharp Industries, Inc. | $279,461 |
| Mardu, Inc. | $278,820 |
| Motech Corporation | $274,600 |
| The Lotus Pet Food, Inc. | $272,972 |
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