Business & Tech
These Canton Businesses Got $5-1M In PPP Loans
Here is a list of businesses that received at least $5-1 million in loans from the Paycheck Protection Program in Canton.
CANTON, GA — Businesses affected by the coronavirus pandemic were able to apply for federal relief through the U.S. Small Business Administration and U.S. Treasury's Paycheck Protection Program (PPP).
Details were released Monday of the PPP that helped businesses affected by the coronavirus pandemic.
The massive data dump came in response to requests for transparency from Democrats and lawsuits filed by major media organizations, including The New York Times; The Washington Post; Dow Jones, publisher of The Wall Street Journal; and ProPublica.
Find out what's happening in Canton-Sixesfor free with the latest updates from Patch.
More than 4.9 million loans over $150,000 were made to businesses and nonprofit organizations across the country; the total amount for approved loans over that amount was more than $521 billion.
There were more than 150 businesses that received some form of a loan in Canton.
Find out what's happening in Canton-Sixesfor free with the latest updates from Patch.
Here are some businesses in Canton that earned PPP loans between $5-1 million, based on data released by the Small Business Administration:
$2 to $5 million
- GIBSON TECHNICAL SERVICES, INC
- 230 MOUNTAIN BROOK CT
- Jobs retained: 96
- GLOBAL SYSTEMS INTEGRATION, INC.
- 3760 SIXES RD
- Jobs retained: 105
- PLACE SERVICES, INC.
- 201 Gateway Dr.
- Jobs retained: 229
$1 to $2 million
- HIGHLANDER MOTOR SALES INC
- 301 LIBERTY BLVD
- Jobs retained: 97
- HOOKED ON DOUGH LLC
- 231 W MAIN ST STE 200
- Jobs retained: 500
- SCHOEN INSULATION SERVICES, INC.
- 850 Univeter Road
- Jobs retained: 132
- SOUTHEAST RESTORATION GROUP OF GEORGIA INC
- 4979 OLD HIGHWAY 5
- Jobs retained: 184
- SPORTS FIELDS INC
- 3760 Sixes Rd, STE 126-331
- Jobs retained: 90
- SUMMIT STAIRS & MILLWORK OF RALEIGH, LLC
- 500 E ROPE MILL RD
- Jobs retained: 93
More than 18,000 businesses in Georgia were approved for loans greater than $150,000. Those loans account for 865,581 Georgia jobs, according to the SBA.
Here's a breakdown of loan amounts approved in Georgia:
- $5 million to $10 million: 123
- $2 million to $5 million 624
- $1 million to $2 million: 1,417
- $350,000 to $1 million: 5,298
- $150,000 to $300,000: 10,829
Loans to Georgia businesses ran the gamut and included higher education institutions, religious schools, manufacturers, car washes, real estate agent companies and non-profits.
A searchable database can be found here of coronavirus loans over $150,000 given to Georgia businesses. Because a business's legal name may not match its publicly known name, Patch has included street addresses so readers can more easily follow the money. All information is as supplied by the SBA. If information is blank, the applicant may not have disclosed it when applying for a loan.
The full list of SBA loans across the U.S. can be found here.
(The chart of loans to Georgia businesses is best viewed when signed in to Patch. If you see an error message below, click here.)
Patch Editor Jim Massara contributed to this article.
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